Summary Policy
Date
September 3, 2003
Reference Number
CSP - C18
Key Words
Co-operative
Policy Statement
A co-operative can only qualify for registration as a charity where:
- it is established for purposes other than the benefit of its members (i.e., non-profit);
- no financial benefit to its members is permitted (e.g., dividends); and
- upon dissolution, the remaining assets of the co-operative are transferred to a qualified donee.
References
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