I receive T-slips from the financial institution and I forward them to the CFC every year since from Revenue Canada's perspective, the Foundation is part of the CFC.
As a not for profit organization...
Type: Posts; User: Paul Leblanc; Keyword(s):
I receive T-slips from the financial institution...
I receive T-slips from the financial institution and I forward them to the CFC every year since from Revenue Canada's perspective, the Foundation is part of the CFC.
As a not for profit organization...
Yes, currently all income goes to the CFC. Any...
Yes, currently all income goes to the CFC. Any suspension of the income would only be temporary and unlikely to be considered "not being used to generate income for the CFC". Since the Foundation...
I don't have any objections to Lloyd's proposal. ...
I don't have any objections to Lloyd's proposal.
Executive Summary: the Foundation will eliminate or cut the annual dividend to the CFC if our investments do so poorly that the total assets drop...