www.charitylaw.ca
www.carters.ca
•On August 26, 2013, a new CRA
webpage was posted to clarify the important distinction
between amalgamations, mergers, and consolidations
•Amalgamations bring memberships,
assets, and liabilities of both charities into one new
entity
–The original charities continue
as one entity, but are not dissolved
–New entity may choose which of
the original charities’ Business Names (“BN”) to retain
•Mergers involve the winding up
of one or more entity’s affairs
and the transfer of the wound up entity’s assets to
another registered charity
–Wound up charities voluntarily
revoke their registration
34