The economic statement tabled by Finance Minister Morneau on November 22 had a couple of welcome announcements which will touch on at least certain parts of the sector. But there was very little detail available about implementation and we suspect that we’ll have to await the next federal Budget to get those details. The Social […]
Is the OPTrust Select pension plan right for your organization?
There has been a lot of concern over whether Canadians are saving enough for retirement. One reaction to this is the gradual enhancement of the Canadian Pension Plan, which starts in 2019. Another is the new defined benefits pension plan for the Ontario nonprofit sector, OPTrust Select, which was launched April 2018. OPTrust Select is […]
An Update in the Political Activities Saga
Those that have been following the political activities saga will be happy to know that after years of promises, a court case, a blue ribbon Panel, and some annoying dithering the Federal Government has finally tabled legislation in Parliament to allow charities to engage more fully in ‘Political Activities’. In a previous article on this […]
Relief of Poverty: Where are the Lines?
One of the clearest items of charity law is that action for the relief of poverty are considered to be charitable.[1] But the ongoing problem for many charities is to try to identify an income level which can be used as a measure of who is poor. This is not always an easy task as […]
Are You An Organization Lobbyist?
Much has been written about the recent court case and the subsequent proposed Income Tax Act amendments concerning political activities of registered charities. Organizations that are not registered charities but just non-profit organizations, may have not given the issue much thought as all, except perhaps, pause to consider if the perceived relaxation of political activities […]
CRA Delays Explained
Along with tax professionals all over Canada, Drache Aptowitzer LLP has noticed the increasing processing delays in every department of the Canada Revenue Agency (CRA). The backlog can be extreme. In the last three years, the processing time for charitable applications may have as much as doubled. And there have been similar delays in resolving […]
Horses for Courses
One of the most important aspects of operating a non-profit is to have a board which can give direction to the organization. Without being comprehensive in terms of board duties, it must set policy, manage investments, handle personnel issues, raise funds and make strategic decisions, both long term and short term. But it should […]
No Good Deed Goes Unpunished
Readers of a certain age will recall the damage and the aftermath of Hurricane Katrina. Hurricane Katrina hit the Gulf Coast of the United States in August 2005. In the aftermath of the Hurricane the levees in New Orleans broke and flooded much of the city. The damaged areas were primarily the poorer parishes of […]
TCC Clarifies “child care expenses” in Kwan
Kids are expensive. There’s no doubt about that. The Canadian government provides a small subsidy by allowing a limited amount of child care expenses to be deducted from income taxes. In 2016, Mr. Kwan had a 10-year-old and a 12-year-old. He and his spouse enrolled their kids in a large number of activities, including chess […]
Changes to Criteria for Gifts of Cultural Property
A recent Court decision and the response to the decision by the Canadian Cultural Property Export Review Board (“CCPERB”) have significantly impacted the criteria that certain donations have to meet in order to qualify as cultural gifts within the meaning of the definition in subsection 118.1(1) of the Income Tax Act (“ITA”). In mid-June, the […]
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