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Human Resources committee  That's an excellent question. In Ontario and in other jurisdictions there is a sense that we need a new type of organization that's not a non-profit and not a business, but somewhere in the middle, one that provides a social purpose of some sort but can also make a profit. That's called a hybrid.

February 24th, 2015Committee meeting

Cathy Taylor

Human Resources committee  The Income Tax Act, especially as it relates to the not-for-profit sector, hasn't been updated in decades. One of the things in the Income Tax Act that the Canada Revenue Agency has been looking at, through a project called the non-profit risk identification project, is that the Income Tax Act doesn't allow non-profits to have any revenue, or profit, or a surplus of any sort.

February 24th, 2015Committee meeting

Cathy Taylor

Human Resources committee  Thank you so much for inviting me to speak with you today. My name is Cathy Taylor. I'm the executive director of the Ontario Nonprofit Network, based in Toronto. We're a network of 55,000 non-profits and charities in the province of Ontario, which are in everything from faith communities, sports and recreation, theatre groups, arts and culture, social services, health, and across the spectrum of the non-profit sector.

February 24th, 2015Committee meeting

Cathy Taylor