T-3010: Mounting Complexity for Charities By Arthur Drache In the olden days, say a dozen or so years ago when the Voluntary Sector Initiative was still underway one of the objects was to simplify the annual report requirements for registered charities. Indeed, serious discussions were held about either exempting small charities altogether or devising a […]
Calling a Plumber
Quick Our Basement is Flooding – Call a Lawyer By: Adam Aptowitzer There are times being a lawyer is a bit like being a plumber. Like a plumber, a lawyer is called when an organization is being built, and like a plumber we are called in an emergency. But that is where the similarity ends, […]
Good for the Goose, Not Apparently for the Gander
Good For The Goose, But Not Apparently For The Gander By C. Yvonne Chenier, Q.C For the last few years all registered Canadian charities have had to list compensation information on Schedule 3 of their T3010 registered charity information return. Not only is the total compensation amount for all employees shown, charities have had to […]
CRA Helps Canadian Find the Right Charity
CRA HELPS CANADIAN FIND THE “RIGHT” CHARITY C. Yvonne Chenier, Q.C. In 2012 the Canada Revenue Agency, Charities Directorate created “quick view”, a graphic display of the information presented by a charity on their annual T3010 form. Now, in 2013 the CRA is tweeting about and otherwise promoting the existence of this quick view presentation […]
Residential Condos as Non-Profits
Residential Condos as Non-Profits By Arthur Drache, C.M. Q.C. In the past year or so there have been some concerns expressed as a result of some CRA Technical Interpretations[1] about whether certain corporations qualify as non-profit corporations under paragraph 149 (1)(l) of the Income Tax Act.the potential implication being that perhaps the might be taxable […]
Fitting a Square Peg in a Round Hole
Fitting a Square Peg into a Round Hole by C. Yvonne Chenier, Q.C. Anyone who has submitted a T2050 application for charitable status and has been rejected by the Canada Revenue Agency Charities Directorate knows the process can be quite frustrating. We spend hours with our clients to fine tune their documents and research the […]
The CRA is Making a List and You Should Check it Twice
The CRA is making a list and you should check it twice by C. Yvonne Chenier Q.C. Budget 2011 seems a long time ago, as does January 1, 2012 when some of propositions of that budget came into force. One of the interesting provisions that the charitable sector had lots of warning of but little […]