•The
terms “non‑profit” and “not‑for‑profit” (“NPOs”) are
used interchangeably and generally refer to organizations whose profits
are not passed on to their members
•This section provides an update on recent CRA views on the tax exempt status of NPOs, including
–Capacity of
NPOs to earn profits
–Carrying on a
trade or business through an NPO
•Recent CRA views create much uncertainty for NPOs and substantially limit their revenue-generating capacity
•