Words and Phrases - "exclusively"
13 May 2024 External T.I. 2022-0944461E5 - NPO - Residential housing co-operative
renting common areas out to third parties would disqualify a residential housing co-operative continue to qualify as an NPO under s.149(1)(l)
Would a residential housing co-operative (Co-op) continue to qualify under s.149(1)(l) if it earned profits from renting its common areas to...
Tourbec (1979) Inc. v. Minister of National Revenue, [1988] 2 CTC 2071, 88 DTC 1442
NPO carrying on a profitable travel agency business did not qualify
In finding that the appellant, which was incorporated as a non-profit company, but which “was carrying on a business concern much the same as...
Words and Phrases
exclusively