Here is an interesting presentation by Ken Goodman entitled Fiduciary Considerations Involving Charitable Property
There are a number of very good slides including a comparison of the requirements under the Income Tax Act and as a fiduciary or trustee of a charity. Just remember that because the Income Tax Act does not prohibit a certain action, does not mean it is legal. Directors and trustees of charities are held to a very high standard under the common law and trust law.
Do you require legal advice with respect to Canadian or Ontario non-profits or charities?
Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.