I want to know the answer to the following question:
How does an NPO keep their charitable status?
All the background I'm provided with is that "Charitable status is granted by the Canada Revenue Agency (CRA) upon application by a nonprofit; charities are allowed to issue income tax receipts to donors, must spend a certain percentage of their assets (including cash, investments and fixed assets) and file annual reports in order to maintain their charitable status.". Is that enough to answer the question?
Answer: yes