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