2.1 Introduction

The Foundation was incorporated on March 14, 1991 in Hong Kong as a company limited by guarantee. It is a non-profit-making organization enjoying tax-exemption status under the Inland Revenue Ordinance of Hong Kong.

This means that the profits from the trade or business of CDNIS are exempt from Profits Tax. Further, for the purposes of Personal Assessment, Salaries Tax and Profits Tax and subject to certain limitations, an allowance is given for tax purposes in respect of donations of money to CDNIS. 

Under the constitution of CDNIS, management of the day-to-day operations of CDNIS is delegated to a Board of Governors and its school administrators and the Foundation is “to act as trustee for the Members of the Foundation”. 

As the project was initiated by the Hong Kong government and supported by the Commission for Canada in Hong Kong (as it then was), the Chief Secretary for Administration of the HKSAR traditionally becomes the Honorary Patron and the Consul-General of Canada in Hong Kong, the Honorary President, of CDNIS.

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