While programs like the Canada Emergency Response Benefit could be rolled out quickly by a single government, rent relief is a little more complicated. The provinces are each responsible for property owner-tenant relationships within their jurisdiction, but a single pan-Canadian rent relief program is desirable under the circumstances.
The Government of Canada announced additional information of interest to non-profits and charities today (April 8, 2020). The changes to the Canada Summer Jobs program will help small businesses hire and keep the workers they need so they can continue to deliver essential services. According to today’s press release: The temporary changes to the program […]
To help charities and not-for-profits keep up with the fast paced changes to Canada’s emergency relief, we are sharing a news release made by the Department of Finance today (April 8, 2020) which provided further details on the eligibility criteria for businesses, charities, and non-profits for the proposed Canada Emergency Wage Subsidy (CEWS) (often referred […]
The current pandemic and its impact on markets reminds us of the economic crisis of 2009-2010. Leaving aside for the experts the question of whether the pandemic has triggered or will trigger an economic crisis leading to a recession, the current volatility of financial markets is raising questions for charitable organizations and foundations about how […]
In light of the state of emergency, corporations under the jurisdiction the Ontario Corporations Act (the”OCA”) are temporarily being given more flexibility in holding their directors’ and members’ meetings. This is good news for non-profits and charities under the jurisdiction of the OCA who have looming deadlines to hold their AGMs or who have governing […]
The Covid crisis is unprecedented for all, including charities. To deal with the crisis both federal and provincial governments have implemented a number of different programs. Elsewhere in this newsletter, Karen Cooper discusses the steps the Office of the Public Guardian and Trustee has taken with respect to restricted funds. But there are a number […]
While the situation is quickly evolving, we want to update our readers on how the COVID-19 pandemic may affect charities and non-profits’ regulatory obligations and their access to government services: Extended deadline for T3010s. The Charities Directorate is extending the filing deadline to December 31, 2020, for all charities with a Form T3010, Registered Charity […]
The current pandemic and its impact on markets reminds us of the economic crisis of 2009-2010. Leaving aside for the experts the question of whether the pandemic has triggered or will trigger an economic crisis leading to a recession, the current volatility of financial markets is raising questions for charitable organizations and foundations about how to manage their investments and whether they can (and/or should) be contributing to the federal and provincial governments’ current strategy to spend, spend, spend.
People buy life insurance policies for a number of reasons. These reasons may include to fund potential business obligations or to protect a young family. In either case, the purpose of the policy may disappear if the individual outlives the need for which they purchased the insurance in the first place. In the case of […]
The Ontario Not-for-Profit Corporations Act (the “ONCA”), received royal assent in October 2010. After nearly ten years, it has neither been proclaimed into force nor been given an official date to be proclaimed into force. This limbo state is sometimes referred to as being “unproclaimed”, as the bill has passed but there is no official […]