Calgary Flames fans were riling up Edmontonians this January by fundraising for a billboard ad in the Edmonton Oilers’ turf featuring a Flames player. An Edmonton woman came up with a charmingly Canadian response to the show of friendly rivalry between the two Albertan hockey teams’ fans. She made a donation to a Calgary-based charity […]
How Charitable Purposes Can Impact Your Property Taxes
Charitable and non-profit entities may receive a range of tax advantages, some of which can potentially be quite significant. One such advantage is a break on property taxes. In Ontario, the Assessment Act provides a full exemption from property tax to various charitable and non-profit outfits, including religious organizations, care homes, child care centres, cemeteries, […]
It’s a Whole New Ball Game for Charities at the FCA
Canadians are well used to attending at various tribunals, boards, and panels. The assumption is that the decision makers at these bodies are subject to certain rules to ensure that they operate fairly and come to decisions that are applied legally. Parliament and the various provincial legislatures have set up these quasi-courts to take advantage […]
CRA Ruling on Loanback Provisions
A recent ruling from the CRA dealing with the “Loanback Provisions” of the Income Tax Act as they affect charities will be of some interest. The ruling was in response to a written request for CRA views regarding the application of the loanback provisions found in subsection 118.1(16) of the Income Tax Act to two […]
Charities in the Waiting Room
Most organizations that are pursuing charitable status are incorporated. Part of the requirement for achieving such status is that the corporation is organized to pursue charitable purposes. But that by itself is not enough for charitable registration and so prospective charities must apply to the CRA for registration. The question then arises about the tax […]
CHAMP is not a Winner
Over the past several years, the Charities Directorate has been enthusiastically anticipating some much-needed technological modernizations to its operations. On June 1, 2019, the Directorate finally rolled out online applications for charitable registration (Form T2050) and the annual charity returns (Form T3010), which had previously been paper-only. The new automated system, dubbed CHAMP, shows promise […]
No Equity in Tax Court
Those with long memories in the charity sector will recall that the voluntary sector initiative of the 1990’s promoted the introduction of sanctions for offences that were less than revocation. It also advocated that appeals of these sanctions be heard by the Tax Court, and hoped that before long a body of case law would […]
This Just In: New Report Recognizes that Not All Charities are Bad Actors. Now someone tell the banks.
We have written before about the risks posed to Canadian charities from the international movement of financial institutions towards “de-risking”. De-risking is the response of these institutions to the movement by the Financial Action Task Force (“FATF”) and its related partner entities to force financial institutions to aid in the fight against money laundering and […]
Elections Period Tips for Registered Third Parties
Prime Minister Justin Trudeau visited the Governor General, Julie Payette, the morning of Wednesday, September 11th, 2019 to have the writs issued for the federal election, thus beginning the election period.[1] This came in the window between the deadline on Sunday, September 14 and Manitoba’s early Election Day on September 10th. Now that the writs […]
Charities Information Sessions: Take it With a Grain of Salt
The Charities Directorate of the Canada Revenue Agency has restarted their in-person educational program for the charitable sector after a being cancelled in 2013 under Prime Minister Stephen Harper. The first Charities Information Session was held in Ottawa the morning of May 28th, 2019. We audited the first class to get a feel for whether […]
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 44
- Next Page »