The earnings of not-for-profit corporations are exempt from federal and provincial income taxes.

Name: The earnings of not-for-profit corporations are exempt from federal and provincial income taxes.
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Not-for-profit corporations, also known as non-profit organizations or charities, are exempt from federal and provincial income taxes in Canada. However, they may still be required to pay other taxes such as property taxes or payroll taxes.

The Earnings of Not-For-Profit Corporations Are Exempt from Federal and Provincial