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2.Corporations that Receive Public Funding
•Corporations that receive public funding
are subject to special
requirements
•Different rules in the CNCA and ONCA
•CNCA - Soliciting and Non-soliciting Corporations
–Where a
corporation receives more than the prescribed
amount [$10,000] in its last financial period
from public sources [(a) public donations, (b)federal, provincial and municipal governments or (c) conduit entities], it will become a soliciting corporation
–Status starts
from the next AGM for 3 years
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