 Scott Park, CPA, CA
The main difference between charities and NPO's lies in their purpose. A charity must be operated exclusively for one of four distinct charitable purposes:
 Scott Park, CPA, CA
Many people may consider not-for-profit organizations (NPO’s) and registered charities to be the same. However, while both types of organizations may operate on a non-profit basis, the two types are defined differently under the Income Tax Act. |
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December 2021
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