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Recordkeeping - Fact sheets

Financial Records

Non-profits must keep and store certain financial records. Section 22 of the Societies Act requires non-profits to keep records of its financial statements and accountants’ reports (if any) on those financial statements. Best practice is for non-prof

Recordkeeping - Fact sheets

Director Records

Non-profits must keep and store certain official records about their directors. Section 22 of the Societies Act requires several records be kept about directors. These include:The Statement of Directors and Registered Office includes the names of dir

Societies Act - Fact sheets

Practical Tips

Applying for Incorporation as a Non-ProfitTo apply for incorporation as a non-profit, you will need:An Email Address: list an email address at which the non-profit will consistently and regularly be able to receive emails. To ensure continuity for fu

Societies Act - Fact sheets

Membership

DefinitionMembership in a non-profit is not a right; it is a privilege. Members have an interest in the governance of the non-profit and are the people to whom the non-profit is ultimately legally accountable.Members of a non-profit are defined in it

Societies Act - Fact sheets

Meetings

Annual General Meeting (AGM)The Societies Act requires that every non-profit hold an annual general meeting (AGM) once per fiscal year. The Registry can provide an extension to the non-profit if it has been unable to do so. There may also be special

Societies Act - Fact sheets

Finances

Non-profits must follow many rules for the management of their financial affairs. For example, the Societies Act requires that a non-profit keep sufficient accounting records and be able to produce a set of financial statements for its members. Somet

Societies Act - Fact sheets

The Difference Between Federal Non-Profit and Yukon Non-Profit

This Fact Sheet provides information about the differences between federal non-for-profits and Yukon societies. In the non-profit sector there are a number of ways to become legally established (aka incorporated): federally or provincially/terri

Societies Act - Fact sheets

Dissolving a Non-Profit

Dissolving or dissolution means the process of a non-profit ceasing to exist as a legal entity. Dissolving is the opposite of incorporating the non-profit. Most dissolutions will happen voluntarily, at the request of the members. For example, a non-p

Employment - Fact sheets

Practical Tips

This Fact Sheet provides some practical tips for non-profits on employment law matters. These practical tips include:Know who is responsible for decisions about each staff member such as knowing who is supervising and directing i.e. establish clear l

Employment - Fact sheets

Termination

This Fact Sheet reviews terminating (firing) employees.Termination means ending the employment relationship, commonly known as firing, dismissing, or letting someone go. Termination is not to be taken lightly. While employers can terminate employees