Canada also permits a variety of charities (including public and private foundations). Charitable status is granted by the Canada Revenue Agency (CRA) upon application by a nonprofit; charities are allowed to issue income tax receipts to donors, must spend a certain percentage of their assets (including cash, investments and fixed assets) and file annual reports in order to maintain their charitable status. In determining whether an organization can become a charity, CRA applies a common law test to its stated objects and activities. These must be:
Canada also permits a variety of charities ( including public and private foundations ) . Charitable status is granted by the Canada Revenue Agency ( CRA ) upon application by a nonprofit ; charities are allowed to issue income tax receipts to donors , must spend a certain percentage of their assets ( including cash , investments and fixed assets ) and file annual reports in order to maintain their charitable status . In determining whether an organization can become a charity , CRA applies a common law test to its stated objects and activities . These must be :
How does the Canada Revenue Agency decide who can have a charitable status?
How does the Canada Revenue Agency decide who can have a charitable status ?
a common law test to its stated objects and activities
a common law test to its stated objects and activities