Residential Condos as Non-Profits By Arthur Drache, C.M. Q.C. In the past year or so there have been some concerns expressed as a result of some CRA Technical Interpretations[1] about whether certain corporations qualify as non-profit corporations under paragraph 149 (1)(l) of the Income Tax Act.the potential implication being that perhaps the might be taxable […]
Dealing With Fraudulent Donations
Dealing with Fraudulent Donations By Alexandra Tzannidakis There is a great deal of information available for individuals on how to avoid donating to a fraudulent or otherwise problematic charity. But the donor-donee relationship goes two ways: what happens when a charity receives a donation that turns out to be fraudulent in some way? You may […]
Working Around Ban on Ex Officio Directors
Working Around Ban on Ex Officio Directors By Joel Secter A complication that arises under the new Canada Not-for-Profit Corporations Act (the “Act”) is that it does not permit ex officio directors.[1] A director is ex officio when appointed to a board by virtue of holding another office or position. Such directors are excluded by […]
Each Their Own: Look Out for Different Provincial Regimes
To Each Their Own: Look Out for Different Provincial Regimes By Adam Aptowitzer Those running a charity could be forgiven for thinking that there are no provincial rules which apply specifically to charities. In fact, this is not the case and we have written several times about such laws as the fundraising rules in Alberta […]
CRTs are Alive and Well
CRTs are alive and well in Canada. at least at the CRA Rulings Directorate C. Yvonne Chenier, Q.C. Over the past decade there have been many positive changes relating to the tax treatment of charitable donations such as the full capital gain exemption with regard to publicly traded securities. These changes, by all accounts, have […]
Visual Artists Granted Leave to Appeal
Visual Artists Granted Leave to Supreme Court By Joel Secter Getting to the Supreme Court of Canada is no easy feat, so we took notice of the Court’s recent announcement that they have granted Canada’s professional visual artists leave to appeal.[1] The case stems from a complaint filed pursuant the Status of the Artist Act […]
Adhering to Gift Terms
Adhering to Gift Terms By Arthur Drache, C.M. Q.C. Virtually every major gift to a charity carries with it some level of terms, most commonly with regard to the use. The more valuable the gift the more likely that the gift agreement will spell out in great detail the terms of use. When one makes […]
How Not to Choose a Charity
How Not to Choose a Charity: The Folly of Overhead Ratios By Alexandra Tzannidakis To the ongoing despair of the non-profit sector, the number one criterion that potential donors use in selecting a charity continues to be the ominous “overhead ratio”. In the face of all the information available to them about their options, donors […]
Stay of Execution: New Precedent for Charities Facing Immediate Revocation
STAY OF EXECUTION: A PRECEDENTIAL WIN FOR A CHARITY AT THE FEDERAL COURT OF APPEAL by Adam Aptowitzer The charities community is well aware that the Canada Revenue Agency works to shut down charities it feels are deserving of such a punishment. In some circumstances, notably, but not exclusively, with respect to charities involved in […]
Death and Taxes May be Inevitable, But Does it Have To Be So Complicated?
Death and Taxes May Be Inevitable, But Does It Have To Be So Complicated? by Adam Aptowitzer We have written before (several times in fact) of the great untapped potential in the donation of shares of private companies to charity. That there is great value in private companies is evident in their title as the […]
- « Previous Page
- 1
- …
- 32
- 33
- 34
- 35
- 36
- …
- 44
- Next Page »