•Document 2010-0380581I7 - recent summary of CRA’s view
–NPOs
must operate “exclusively” for purposes other than profit
–Incidental
profits do not amount to a profit purpose
–May
receive incidental profits through basic fundraising (lotteries, bake
sales, chocolate bar sales, etc.) and soliciting gifts and
grants
–Can
earn profits, but the profits should be incidental and arise from
activities that are undertaken to meet the organization's
not-for-profit objectives