(1) Property acquired or insured by, or property held on
trust for, a charitable institution must be used solely or almost solely by
the institution for 1 or more of the following purposes (a
"qualifying exempt purpose" )—
(a) activities of a religious nature;
(b)
public benevolent purposes;
(c) educational purposes;
(d) conducting a
kindergarten or preschool;
(e) the care of the sick, aged, infirm, afflicted
or incorrigible persons;
(f) the relief of poverty;
(g) the care of children
under the Administration Act , section 149C (2) (h) ;
(h) another charitable
purpose or promotion of the public good;
(i) providing a residence to a
minister, or members of a religious order who are engaged in an object or
pursuit of a kind mentioned in paragraphs (a) to (h) .
(2) For subsection (1)
(a) to (h) , the property acquired, insured or held is not used solely or
almost solely for a qualifying exempt purpose if the property is used for an
employment or salary package of an officer or employee of the institution.
