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Registering the Non-Profit Organization
This does not prevent the organization from paying for services rendered.
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Staffing & Payroll Issues
Paying Employees In the case of paid employees, you'll require a payroll plan to keep track of employee hours, wages and salaries.
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Refinancing Your Mortgage
All of these are good reasons, but keep in mind that there are penalties when paying off a mortgage early.
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Gaining Support for the Organization
If you are approaching members of the community through a face-to-face campaign, they can simply make cash donations, or pay with personal cheques.
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Working Capital
Unless your customers pay immediately on receipt of goods or service-if you run a café for example-then you may be in a position where you are extending credit.
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Educational Borrowing
As costs continue to rise, more and more students find it necessary to borrow money to pay for their education.
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Saving & Investing for Retirement
When you eventually switch your money over to RRIFs, you'll be drawing money out, and paying taxes on that money as you do.
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International Money Transfer
Paying for overseas tuition fees for child or grandchild
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Mobile Wallet
Provincial Credit Union is offering an easier way to pay!
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NYCE Network
Simply enter your PIN when you make a purchase or pay for a service at any of the retailers that accept NYCE.
