Ontario charitable corporations: Payments to directors, connected persons

By Ugochukwu Mbamalu ( November 20, 2024, 10:18 AM EST) -- Directors of charitable corporations operating in Ontario are subject to strict requirements to act without personal benefit meaning they cannot be paid for serving as directors or for other services unless authorized by court order or pursuant to Ontario Regulation 4/01 under the Charities Accounting Act (the Regulation). . . .