 Scott Park, CPA, CA
If you are someone that already donates to charities, good on you. But instead of cash, if you hold shares on which you have capital gains, you should be aware of the tax benefit of donating shares. Philanthropy and tax planning go hand in hand.  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. |