Charities and not-for-profit organizations (NPOs) are turning to social enterprises to supplement and diversify funding sources in response to a reduction in government funding and private donations, the effects of which has been heightened by the COVID-19 crisis. The non-profit and charity supplemental funding brings new concerns with respect to maintaining their status for tax purposes.
As mentioned in a previous article entitled Non Profit's Tax Filing Requirements...
The Government of BC has asked for feedback on their discussion paper, BC’s Recovery from COVID-19. This is a great opportunity to influence BC's recovery. We are sharing some resources for not-for-profits who would like to provide input. Vantage Point sent the letter below to provide our input on the importance of investing in not-for-profits for the recovery. The deadline to for input is Tuesday, July 21, at 4pm.
Ways you can provide input: