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Posted by on Feb 2015 in All Stories, Features | 0 comments

Housing Development Corporations are changing the non-profit game

Housing Development Corporations are changing the non-profit game

Non-profit organizations across the province are creating Housing Development Corporations (HDCs) to stimulate development and ensure the sustainability of affordable housing. Three Ontario regions – Cochrane, Waterloo, and London – are using HDCs, all for different purposes. These separate corporations allow providers the flexibility to go beyond the legislated mandates of social housing providers.

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Posted by on Feb 2015 in All Stories, News Updates | 0 comments

The Ontario Retirement Pension Plan (ORPP): Updates for non-profits

The ORPP is designed to replace approximately 15 per cent of an employee’s pre-retirement income. It mandates equal employer and employee contributions of no more than 1.9 per cent of the employee’s annual income each, up to a maximum income of $90,000. That means that both the employee and the employer will contribute 1.9 per cent to the employee’s pension fund for a combined contribution of 3.8 per cent.

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