Competition for nonprofit funding is increasing all the time, and many organizations are turning to business ventures to generate additional revenue. While this has proved very successful for many, registered charities must walk a fine line with the Canada Revenue Agency (CRA). Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains the types of businesses that a registered charity can and can’t operate, and some of the key questions an organization should ask itself before beginning such a venture.
Rules for charities that operate a related business (MP3)
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Run time: 10:01 minutes
External Resources:
Canada Revenue Agency – Operating a related business
