2011 the Total Assets were $167, 187,189 , an increase of over $5 million from the past year where the assets were $161, 830, 259 or about $1400/publisher in Canada. A dividend is due to each Canadian publisher of $48.
Canada Branch invests in the future
by Simon Morley 12 Replies latest watchtower bible
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Finkelstein
The delusional and perhaps dishonest thing is the at the local Kingdom Hall level, there is never any mention of financial
disclosure of those particular branches.
They just use guilt or express a need to give any surplus money the congregation has accumulated, forwarded to that branch.
Religion is big business, the Catholic church pulls in 3 + billion every year from all of their operations, around the world.
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berrygerry
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
CRA should maybe take a peek at the cashgrab.