426
edits
Difference between revisions of "Member-Funded Societies (Societies Act FAQs)"
Jump to navigation
Jump to search
m
Member-Funded Societies (Societies Act FAQs) (view source)
Revision as of 22:31, 10 May 2021
, 22:31, 10 May 2021→What kinds of non-profits cannot become member-funded societies?
m |
|||
| Line 9: | Line 9: | ||
Non-profits that cannot become member-funded societies include: | Non-profits that cannot become member-funded societies include: | ||
*non-profits that have received public donations, government funding, or a combination of the two with a total value greater than $20,000 or 10%, whichever is greater, of the non-profit’s gross income within a period of two financial years immediately preceding the current financial year of the non-profit, | *non-profits that have received public donations, government funding, or a combination of the two with a total value greater than $20,000 or 10%, whichever is greater, of the non-profit’s gross income within a period of two financial years immediately preceding the current financial year of the non-profit, | ||
*non-profits that are registered charities as defined in the Income Tax Act, | *non-profits that are registered charities as defined in the ''Income Tax Act'', | ||
*non-profits that are designated recipients of the Provincial Sales Tax Act or are otherwise entitled to receive taxes, fees, or other revenue received by the government as agents of the non-profit, | *non-profits that are designated recipients of the ''Provincial Sales Tax Act'' or are otherwise entitled to receive taxes, fees, or other revenue received by the government as agents of the non-profit, | ||
*are student societies as defined in the College and Institute Act or University Act, | *are student societies as defined in the ''College and Institute Act'' or ''University Act'', | ||
*are hospitals or manage/operate a community care facility as defined in the Hospital Act, or that are designated as hospital societies, or | *are hospitals or manage/operate a community care facility as defined in the ''Hospital Act'', or that are designated as hospital societies, or | ||
*are in a class of non-profits that is prohibited under the regulations from having the statement in its constitution | *are in a class of non-profits that is prohibited under the regulations from having the statement in its constitution | ||