Mentoring Canada - A service of Big Brothers and Sisters of Canada The fundamentals of effective board involvement
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1. Your Commitment
 
2. The Board's Context
 
Canadian Charitable Sector
Do You Know the Sector
Charities vs Non-Profits
Registered Charities
Non-Profits
Tax Status Test
Current Issues
Role of the Board
Governance Models
Spot the Style
Role of a Board Member
Check in With
    Carlos
    Debra
 
3. Board Accountabilities
4. Board Processes
5. Continuous Learning

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Tax Status Test

Board members need to be aware of their organizations' charitable status and the implications of that status. Test your knowledge by selecting the answer you think is correct for each of the following multiple choice questions:

Which of the following may not considered to be a charitable purpose under Canada's tax laws?
The relief of poverty
The advancement of education 		The advancement of equality
The advancement of religion
The main difference between registered charities and non-profit organizations in Canada is:
Registered charities have more money than non-profit organizations.
Registered charities are profit-generating organizations and non-profit organizations are not.		 Non-profit organizations can be audited, but registered charities cannot.
Non-profit organizations are not authorized to issue charitable receipts that the donor can claim as tax credits or deductions, but registered charities are authorized to do so.
In Canada, which of the following is responsible for determining and monitoring charitable status?
The Provincial Governments
Canada Customs and Revenue Agency 		Industry Canada
The Better Business Bureau
In general, what percentage of its receipted gifts must a registered charity disburse for the operation of its charitable programs?
20%
50% 		75%
80%
How long after their fiscal year ends must registered charities and non-profits submit information returns to Canada Customs and Revenue Agency?
Four months
Six months 		Nine months
One year

Refer to "Charities vs. Non-profits" to double-check your answers or to find out more.

If you've mastered this information, move on and learn about some current trends and issues in the charitable sector.

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