Register a Non Profit/Not For Profit or Charitable Organization in Canada Today!
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Wondering how to start a non profit in Canada? Throughout this video, we will information for starting a nonprofit and explain the major differences between a non profit and charitable organization within Canada, provide examples of each and equip you with the information you need to register today!
#nonprofit #notforprofit #charity #charitable #communityoutreach
The biggest question we are asked is what is the difference between a Non Profit and a Charity? As they begin the registration process both the Not For Profit and Charitable incorporations begin as Non Profit, however the charitable status is only available to those corporations where the object or purpose clauses are deemed to be a charitable organization. The Canada Revenue Agency (CRA) ultimately determines whether a new corporation is considered charitable and if so, the corporation is able to obtain a charitable tax number.
What is a Non Profit?
A non profit is to benefit the community, but its focus is not on obtaining donations to support those endeavours.
Common examples of Not For Profit objects are:
-Associations - professional, trade, ratepayers, residents, merchants
-Athletic, Hobby and Sports Organizations - golf, curling, health club, skating
-Service clubs - Elks Canada, Kinsmen, Lions
-Arts - dance, music literary, photography, theatre
-Community - Association, Centre, Club
What is a Charitable Organization?
A charity is an organization where the objectives of the corporation is to support the community and have the ability to take in donations and provide tax receipts to those who provide financial contribution. The charity must spend a minimum amount through its own charitable activities or as gifts made to qualified donees.
Examples of a Charitable Organization purposes are:
-Relief from poverty
-International development - health, drinking water, agriculture, disaster relief
-Advancement of Religion
-Advancement of Education
-Private Foundations
What information is required to get started?
- Name of Corporation
- Address of Corporation (a home address can be used)
- Minimum of 3 directors (legal names, addresses and signatures required)
- Objects for the corporation ( There are pre approved objects provided in Ontario that you may select from, or you can provide your own wording. The Federal incorporation requires your own wording.)
To Get Started Today:
Ontario Non Profit - www.ontariobusinesscentral.ca...
Federal Non Profit - www.ontariobusinesscentral.ca...
What does Ontario Business Central offer me to complete my Non Profit or Charitable Organization?
That is a great question! Ontario Business Central has been assisting individuals to establish both not for profit/charitable organizations in Canada since 1992. With each order you receive the following:
-Online registration through our easy to use website
-Preliminary search/Nuans report for business name
-Preparation of Not For Profit/Charitable Letters Patent (Articles of Incorporation)
-Filing of the Articles with the government
-Correspondence with the examiner assigned to your file
-Both phone and email support before, during and after your registration
-Completion of Not for Profit Incorporation
-Email and Mail out of completed documents to you
-Great resources/blogs with awesome tips for new business owners
Contact us today to get started or if you wish, read our detailed blog for the full differences between the non profit and a charity organization.
inquiries@ontariobusinesscentral.ca
Toll-Free: 1-800-280-1913
Local: 1-416-599-9009
Office Hours: 9:00am - 5:00pm Monday - Friday E.S.T.
For the full detailed blog:
www.ontariobusinesscentral.ca...
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The information provided in this video is specifically designed for assisting those who are looking for general incorporation details and in no way shall be considered as legal or accounting advice. Ontario Business Central is an online portal allowing those individuals who wish to complete a service with us by “doing it yourself”. If you require legal or accounting expertise prior to completing a service with us, we highly recommend in doing so.
25 авг 2020
