GMS 200 Lecture Notes - Income Taxes In Canada, Quebec Act, Tax Deduction

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Jean Golden

Document Summary

Charities are a special subset of nonprofit organizations: 161,000 nonprofits, 85,000 charities. Charities are deemed to have mandates that deserve a charitable license and are accorded different privileges than ordinary nonprofits. Nonprofits are simply a special type of incorporation whereby the corporate form does not distribute profit. The cra has four heads of charity that determines if they can be a registered charity: poverty, education, religion, other purposes that benefit the community. Part of an international project led by johns hopkins university in baltimore to. Gives a definitive size, shape, and scope to the sector for the first time. Worth up to 8. 5% of the gdp. 12% of the economically active population either works or volunteers. 2 million ftes (1. 5 million employees, 549, 000 fte volunteers) Np & charities are about getting things done. The nonprofit sector is a gathering place where individual citizens can take collective action. Almost no barrier to entry and, depending on focus, tax-assisted support.