Co-operative

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 (that is, non-profit)
• no financial benefit to its members is permitted (for example, dividends)
• upon dissolution, the remaining assets of the co-operative are transferred to a qualified donee

References

• Summary policy CSP-P09, Private benefit
• Guide T4063, Registering a Charity for Income Tax Purposes

Date modified:

2003-10-31