The Government of Canada announced additional information of interest to non-profits and charities today (April 8, 2020). The changes to the Canada Summer Jobs program will help small businesses hire and keep the workers they need so they can continue to deliver essential services. According to today’s press release:[1] The temporary changes to the program […]
Managing Charitable Investments and Disbursements in the face of COVID-19
The current pandemic and its impact on markets reminds us of the economic crisis of 2009-2010. Leaving aside for the experts the question of whether the pandemic has triggered or will trigger an economic crisis leading to a recession, the current volatility of financial markets is raising questions for charitable organizations and foundations about how […]
Holding Meetings during the Ontario State of Emergency
In light of the state of emergency,[1] corporations under the jurisdiction the Ontario Corporations Act (the”OCA”) are temporarily[2] being given more flexibility in holding their directors’ and members’ meetings. This is good news for non-profits and charities under the jurisdiction of the OCA who have looming deadlines to hold their AGMs or who have governing […]
Government Announcements for Charities During the Covid Crisis
The Covid crisis is unprecedented for all, including charities. To deal with the crisis both federal and provincial governments have implemented a number of different programs. Elsewhere in this newsletter, Karen Cooper discusses the steps the Office of the Public Guardian and Trustee has taken with respect to restricted funds. But there are a number […]