Being a registered charity under the Income Tax Act has a very specific legal meaning that is distinct from whether an organization is considered a charity for other purposes. The Charities Directorate is in charge of granting registration and monitoring registered charities. Registration as a charity comes with certain rights, including not having to pay income taxes, as well as obligations .
Registered charity is a designation given by the Canada Revenue Agency. Once an organization has made the decision to apply to become a registered charity they must complete an application and provide information about their organization and the charitable activities they will undertake.
Charities are required to use their resources for charitable purposes and to keep books and records to document how their resources are being used as well as their sources of revenue.
If a registered charity does not meet its obligations its registration can be revoked. If this happens the charity will still have some obligations for a period of time.
The Regina Public Library and Saskatoon Public Library are hosting free Law Fair events during Saskatchewan Access to Justice Week to connect people with free legal information, assistance, and support. Attend to acquire legal knowledge and to broaden awareness of legal rights and responsibilities!