NPM700 Lecture 2: The Legal Context of Nonprofit Management 2 1
Document Summary
Discuss the legal context of nonprofit management. Despite the tendency of the general public to use the terms charity and nonprofit interchangeably, they are very different. For charities and npos, we"ll learn the different types and the special rules that apply. In addition to the confusion around language in the non-profit sector, there"s a patchwork of federal and provincial legislation that hasn"t been modernized. We"ll learn about the various types of legislation and their impact on nonprofits and charities in canada. Replaces the outdated letters patent for nonprofit organizations that existed under the canada corporations act (cca). Now have articles of incorporation similar to for-profit orgs. Outlines how nonprofit corporations are to be governed. Amendments to the income tax act (ita) have become an annual event since 2004. Identifies the tax rules and associated accountabilities for. Directors are accountable for ensuring employee source deductions are remitted to the government and reporting requirements are fulfilled)
