- Charity Law Education
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This episode outlines the costs associated with registering and maintaining a charity in Canada.
Initial costs include legal and consulting fees (ranging from $5,000 to $15,000), and incorporation fees (around $200 federally).
Ongoing expenses encompass annual financial statements, annual reporting to the CRA (both starting around $1,000), fundraising costs (10-15% of funds raised), governance and operational costs ($500-$5,000), insurance ($700-$2,000), and additional potential costs for technology, training, and office space.
The episode emphasizes the importance of expert Canadian Charity Lawyers to navigate the registration process successfully.
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