Canada Branch invests in the future

by Simon Morley 12 Replies latest watchtower bible

  • Simon Morley
    Simon Morley

    In Canada the total long term investments of Canadian registered charities is $14.7 Billion. This is only long term investments and does not include cash, inventory, land and buildings etc. Keep in mind the information is volunteered by the charity and not verified by the Canada Revenue Agency.

    The WTB&T$ Canada Branch has reported long term investments (2010) of $62,716,482.00. Thats about $600 for every publisher. With the end just around the corner - why invest in "Satan's dying old system"? Oh, yes, thats so we can make those investments for ourselves. Shame on them!!

  • solomon
    solomon

    I wonder what ccra's definition of long term is? Over 1 year?

  • Simon Morley
    Simon Morley

    I checked CCRA website it states:

    Line 113

    – Long-term investments Report the total cost of long-term investments on hand at the end of the organization’s fiscal period. Include stocks, notes, bonds, and other securities. We consider any investment that has a maturity period of more than one year to be a long-term investment.

  • Simon Morley
    Simon Morley

    Found this interesting at CCRA website related to charities: Fundraising without an identifiable use or need for the proceeds 63. Registered charities can only raise funds that are necessary to fulfill their mandates. Fundraising activities should not be undertaken simply because the charity has the opportunity to raise additional funds. There must be an identified use or need for the money. Depending on a charity’s particular circumstances, an identified use or need could include funds required for current and ongoing charitable (and other acceptable) activities or funds to be maintained as reserves. However, when a charity has sufficient income for its identified uses or needs, the need for new fundraising may be questionable

  • Simon Morley
    Simon Morley

    They should now stop indirectly (guilt) soliciting money or coerce ($20 parking "fee" at DC's where the parking is already included) money by other means.

  • Finkelstein
    Finkelstein

    The non-profit charity religious status is just a pretentious veil that the WTS. uses for many useful purposes.

    Number 1. being pay no taxes on their internal and external operational endeavors

    I think most JWS in Canada would be shocked to hear that the WTS. in their Canadian branch alone has millions on hold

  • Simon Morley
    Simon Morley

    Its quite interesting if you enter WATCH TOWER BIBLE AND TRACT SOCIETY OF CANADA at the following website: http://www.cra-arc.gc.ca/chrts-gvng/lstngs/menu-eng.html It shows where all the money went including $17 million to the US.

  • Simon Morley
    Simon Morley

    Who is the "Order of Special Full time Servants of Jehovah's Witnesses" Sounds Masonic to me....apparentely they spend all the money in Canada.

  • LostGeneration
    LostGeneration

    It might take another 50 to 100 years, but eventually politicians are going to go for the big cash grab - RELIGION! When it happens, there will be plenty of moaning and whining from the faithful, but there is just too much damn money in religion that the governments are missing out on!

  • Satanus
    Satanus

    ' "Order of Special Full time Servants of Jehovah's Witnesses"'

    Quite sure that is the bethelites. It's done for legal purposes, comply without paying taxes.

    S

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