Not-for-Profit

There are differences between non-profit corporations and registered charities. Understanding the complexities of both, and ensuring businesses follow the legislation that guides each one, is essential to the success and continuity of an agency or association’s unique and special work. Whether you are considering establishing a new not-for-profit organization or charity, or need support with an existing one, you can turn to Allan & Partners LLP.

Registered Charities

Registered charities are listed with the Canada Revenue Agency (CRA) and can use their funds and resources to carry out their own charitable activities or make gifts to other registered charities. One advantage of a registered charity over a non-profit is its ability to issue tax receipts for donations.

  • Audit Engagements
  • Review Engagements
  • Charity Returns
  • HST Rebates

Not-for-Profit

A not-for-profit (NFP) corporation exists separately from its members and directors. Contrary to its name, it can earn a profit but these earnings must be used to further the club, society or association’s goals and cannot be distributed to its members or directors.

  • Audit Engagements
  • Review Engagements
  • Corporate Tax Returns
  • HST Rebate Qualifications
  • Special Purpose Engagements
Whether you are considering establishing a new not-for-profit organization or charity, or need support with an existing one, you can turn to Allan & Partners LLP.