By: Arthur Drache The recent melt-down of the world-wide equity markets may have a negative impact on charities which are (were?) fortunate enough to have substantial investments, particularly where income from those investments is used to fund the charitable activities on an ongoing basis. But if there is a cash squeeze, directors should be aware […]
Charity Golf Tournaments and Receipting
By: Arthur Drache With the golf season (finally) getting starting, hundreds of charities across the country are sponsoring golf tournaments, events which highlight social contacts with (one hopes) fun and also a chance to raise money for a good cause. In the recently issued Folio on Split Receipting[1], the CRA deals with the specifics […]
Reimbursing Volunteer Expenses: Opportunities and Pitfalls
By: Arthur B. C. Drache It is very common that volunteers and board members of charities lay out funds in support of the organization’s activities. It may be to pay for gas while driving clients of the charity to travel and accommodation expenses to attend board meetings away from one’s own city. In […]
Receipt Issuing and Donor Goodwill
By: Arthur Drache Each year in January and February we review our list of charitable donations made and start checking to see whether we have received receipts for the donations. Over the years we have found that inevitably there will be some problems though generally the issuing of receipts has become more expeditious with the […]
Ransomware Hits Charities
By Arthur Drache C.M., Q.C. In early May, the Charity Commission of England and Wales, issued an alert to charities about what has been called “ransomware”. “Trustees, charity professionals and volunteers should continue to be aware of online extortion or ‘ransom’ demands affecting UK businesses. Charities could also be vulnerable to attack and so are […]
Donation of Land by Non-Resident
By Arthur Drache A recently published (but a year or so old) ruling letter from the CRA deals with the donation of land in Canada by a non-resident where to avoid the capital gains tax, an election was made under under subsection 118.1(6) .[1] This provision allows a donor to elect to make the gift […]
The Complex New Charitable Tax Credit Provisions
By Arthur B.C. Drache, CM, QC From the time it became clear that the Liberals would form a government and would bring in changes to the tax rate structure including a new 33% bracket for high income taxpayers (those with more than $200,000 of taxable income), charities and fundraisers have been concerned about what changes […]
Disclosure Obligations of Labour Organizations
By Arthur B.C. Drache, CM, QC One of the most contentious pieces of legislation recently was a private member’s bill, Bill C-377, which required what we believe to be hugely intrusive public reporting by labour organizations. The legislation was so contentious that event the Senate, controlled by the Harper Conservatives, initially amended the bill to […]
Promises on Third Sector by Liberals
By Arthur B.C. Drache, CM, QC The stunning majority mandate achieved by the Liberal party in the October 19 election means that there will be a lot of attention paid to promises made by the party during the election. While we mentioned these at various times in the past few issues, a reminder is in order […]
Dealing with Donor Benefits
By Arthur B.C. Drache, CM, QC We are getting more and more questions these days from museums, galleries and performing arts organizations[1] about what amount they can issue receipt for when they confer some benefit on donors? In most cases we find that the organizations err on the side of conservatism. We have also found that […]
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