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  1. The existence of the money has attracted interest...

    The existence of the money has attracted interest from individuals in Saskatchewan who were interested in accessing the funds. However when I explained what would be involved (set up a CFC...
  2. No. Income would be interest and possibly...

    No. Income would be interest and possibly dividends. What you are talking about is capital gains.
  3. We could also argue to Revenue Canada that some...

    We could also argue to Revenue Canada that some of the funds in the foundation are required in order to make sure that we can maintain services for life members who joined in the expectation that the...
  4. Objections that I would have to this is that it...

    Objections that I would have to this is that it could lead to some questions about the need for the CFC maintaining the foundation balances if they are not being used to generate income for the CFC. ...
  5. Lloyd Lombard sent me the following email. ...

    Lloyd Lombard sent me the following email. Unfortunately it came too late to be incorporated as a motion in the current meeting. According to the NFP Act member motions require a ridiculously long...
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