The directors who serve on a nonprofit board do so voluntarily. But there are instances when directors are financially compensated for their time and effort. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains when this may be allowed, the legal penalties for improper compensation, and the best ways to maintain transparency in the boardroom and beyond.

Can nonprofit directors be compensated financially? (MP3)

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Run time: 15:17 minutes

External Resources:

CRA director compensation policy

CharityTax.com – Adam Aptowitzer’s Online Office

Drache Charity Insights Newsletter

Do you have a burning question about charity law in Canada? Send it to editor@charityvillage.com. We may include it in an upcoming podcast.