While programs like the Canada Emergency Response Benefit could be rolled out quickly by a single government, rent relief is a little more complicated. The provinces are each responsible for property owner-tenant relationships within their jurisdiction, but a single pan-Canadian rent relief program is desirable under the circumstances.
Changes to Canada Summer Jobs will help some non-profits and charities affected by COVID-19
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 […]
Covid-19 update for Charities
While the situation is quickly evolving, we want to update our readers on how the COVID-19 pandemic may affect charities and non-profits’ regulatory obligations and their access to government services: Extended deadline for T3010s. The Charities Directorate is extending the filing deadline to December 31, 2020, for all charities with a Form T3010, Registered Charity […]
Office of the Public Guardian and Trustee (Ontario) – Statement on Accessing Funds During COVID-19 Crisis
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 to manage their investments and whether they can (and/or should) be contributing to the federal and provincial governments’ current strategy to spend, spend, spend.