What the Social Finance Forum currently looks like…. The Social Enterprise Summit took place here yesterday as well, at the MaRS building in downtown Toronto. On a side note, Im currently sitting in a panel discussion called “Creating Canada’s Social Finance Marketplace” and one of the topics of discussion revolved around the Canadian Revenue Agency and how they are ‘cracking’ down on charitable organizations making a ‘profit’ because of the success of their social enterprise, since they are no longer operating like a ‘charity’ within the framework defined by the CRA. This is unfortunate and it will be interesting to see how this plays out in Canadian society, and whether there will be pressure on the CRA to update the tax code as it relates to social enterprise. A rep from MBAs Without Borders stood up and mentioned that his organization was facing a similar challenge as well… On another note, its great to see direct audience participation at this forum.
Posted via web from Renjie Butalid
