- Charity Law Education
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This episode explains the key differences between non-profit and charitable organizations in Canada, emphasizing that charitable organizations can issue tax receipts, unlike non-profits.
It highlights that incorporation is not required for either but is strongly recommended for legal and name protection benefits.
The discussion also outlines how a non-profit obtains charitable status by applying to the CRA and provides examples of each type of organization.
Furthermore, it details the general requirements for incorporating and the importance of a Nuans report in the process.
Finally, it notes that non-profit organizations are generally exempt from income tax.
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