What does a not-for-profit corporation enjoy the benefit of?
A)exemption from filing paperwork
B)limited liability for shareholders
C)earnings that are exempt from provincial and federal taxes
D)guaranteed dividends to shareholders

Question

Quizplus · Accepted Answer

A not-for-profit corporation enjoys the benefit of having earnings that are exempt from both provincial and federal taxes. This is because they do not distribute profits to shareholders, instead, they use their earnings to serve their mission and achieve their non-profit purposes.

What Does a Not-For-Profit Corporation Enjoy the Benefit Of