What Is a Not-for-Profit?

What Is a Not-for-Profit? When people hear the term not-for-profit, they often assume it simply means “an organization that doesn’t make money.” In reality, a not-for-profit is a specific legal structure, with distinct benefits, responsibilities, and limitations under Canadian law. Understanding what a not-for-profit is—and how it differs from a traditional for-profit corporation—can help founders, boards, and […]