Glossary: N

(1) | A (9) | B (5) | C (10) | D (11) | E (4) | F (5) | G (5) | J (2) | K (1) | L (3) | M (4) | N (2) | O (1) | P (6) | Q (2) | R (4) | S (76) | T (2) | U (2) | W (1)
  • Non-profit organization

    A non-profit organization is an association, club, or society that is operated exclusively for social welfare, civic improvement, pleasure, recreation, or any other purpose except profit. It is not a charity. No part of the organization's income can be payable to or available for the personal benefit of any proprietor, member, or shareholder, unless the recipient is a club, society, or association whose primary purpose and function is to promote amateur athletics in Canada.

    (CRA : Charities Glossary)

  • Non-qualifying security

    A non-qualifying security is, generally, a security where the owner of the security (e.g. a shareholder) is not at arm's length with the issuer of the security (e.g. a private company).  A charity can issue a tax receipt to the donor of a non-qualifying security in some circumstances.  The charity should get professional (legal, accounting or tax) help when someone intends to make this kind of gift.

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