Summary Policy

Date
September 3, 2003

Reference Number
CSP - C19

Key Words
Corporation

Policy Statement

A registered charity incorporated as a federal non-profit corporation can operate under its registered corporate name within any Canadian province or territory, subject to any provincial or territorial requirements.

A registered charity incorporated as a provincial or territorial non-profit corporation can operate under its registered corporate name within a province or territory.

Some of the advantages to incorporating a charity include:

• the liability of the members is limited (e.g., members are not personally liable for debts of the corporation);
• continuity of the charity is assured while the membership changes;
• the ability to own property in its name;
• the ability to borrow money.

References

• Co-operative, CSP - C18.
• Governing Document, CSP - G06.
• Incorporation, CSP - I08.
• Registering a Charity for Income Tax Purposes, T4063.