By: Alexandra Tzannidakis As expected, Budget 2022 brings a change to the rules around how much money registered charities are allowed to keep tucked away in their investment portfolios. There has long been a ‘disbursement quota’ that registered charities have to meet each year, a minimum spend calculated as part of the overall value of […]
Control and Direction is Out! Expenditure Test is in!
By: Adam Aptowitzer Canadian charities proudly participate in important work around the world. Until now, the law requires that registered charities meet the ‘own activities’ test. On a practical level this means that they need to maintain control and direction over their funds and resources, and perhaps even more difficult, they need to keep records […]