By: Sukhdeep Singh Sembi If your corporation is a not-for-profit or charity and has been incorporated under the Canada Corporations Act Part II (“CCA II”), be sure to double check if you have been ‘continued’ under the Canada Not-for-Profit-Corporations Act (CNCA). The deadline, July 31, 2017 is fast approaching for corporations incorporated under the […]
Community Foundations as a Wind-Up Destination
By: Arthur B. C Drache C.M., Q.C. When the Income Tax Act was re-written back in 1976 to create a whole new regime for charities (what is now embodied in section 149.1) one of the most far-reaching changes was the requirement for all charities to file public information returns, though by today’s standards the forms […]
Taking Matters Into Your Own Hands
Taking Matters Into Your Own Hands: Dissolving Before the Government Does it for You By Alexandra Tzannidakis Readers will know that the new Canada Not-for-Profit Corporations Act came into effect in 2011, bringing the regulation of not-for-profits into line with modern corporate legislation. This carries with it an onus: apply for continuance under the new […]
Stay of Execution: New Precedent for Charities Facing Immediate Revocation
STAY OF EXECUTION: A PRECEDENTIAL WIN FOR A CHARITY AT THE FEDERAL COURT OF APPEAL by Adam Aptowitzer The charities community is well aware that the Canada Revenue Agency works to shut down charities it feels are deserving of such a punishment. In some circumstances, notably, but not exclusively, with respect to charities involved in […]