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Managing Charitable Investments and Disbursements in the face of COVID-19

April 1, 2020

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 […]

Filed Under: Articles, Charities - Current Articles Tagged With: coronavirus, Covid, COVID-19, economic, economic crisis, investment, Karen Cooper, managing charitable investments

Office of the Public Guardian and Trustee (Ontario) – Statement on Accessing Funds During COVID-19 Crisis

March 25, 2020

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.

Filed Under: Articles, Charities - Current Articles Tagged With: Accessing Funds, charitable investments, coronavirus, COVID-19, economic crisis, guidelines, Karen Cooper, PGT

Catalyst for Change: Senate’s Report on the Charitable Sector

June 26, 2019

On Thursday, June 20, 2019, the Senate Special Committee on the Charitable Sector, which was established to review the impact of the voluntary sector in Canada and the federal and provincial laws and policies governing charities and non-profit organizations, released its report, Catalyst for Change: A Roadmap to a Stronger Charitable Sector (hereinafter the “Report”). […]

Filed Under: Articles, Charities - Current Articles Tagged With: charitable sector, Karen Cooper, Senate Committee on the Charitable Sector

Gifts of Cultural Property – Undoing Heffel

March 20, 2019

Gifts of Cultural Property – Undoing Heffel By: Karen Cooper As part of a package of measures intended to increase support for Canadian artists and cultural events, Budget 2019 included aimed at ending any lingering uncertainty around gifts of cultural property arising from the Federal Court of Justice’s decision in Heffel Gallery Limited v. The […]

Filed Under: Budgets, Charities - Current Articles Tagged With: Budget 2019, Drache Aptowitzer LLP, Heffel, Karen Cooper

Changes in Ontario to Director Remuneration

December 3, 2018

On April 1, 2018, Ontario Regulation 112/18 came into effect amending O. Reg. 4/01 (Approved Acts of Executors and Trustees, hereinafter “Regulation”) [i] under the Charities Accounting Act (the “CAA”).  The new provisions modify the existing Ontario common law rule that prohibited a charity from making payments to a director (or any person related to […]

Filed Under: Articles, Charities - Current Articles Tagged With: Charities Accounting Act, Director Payment, director remuneration, Drache Aptowitzer LLP, Karen Cooper, Ontario Regulation 112/18, Ontario regulations, payment to directors

Changes to Criteria for Gifts of Cultural Property

September 18, 2018

A recent Court decision and the response to the decision by the Canadian Cultural Property Export Review Board (“CCPERB”) have significantly impacted the criteria that certain donations have to meet in order to qualify as cultural gifts within the meaning of the definition in subsection 118.1(1) of the Income Tax Act (“ITA”). In mid-June, the […]

Filed Under: Articles, Charities - Current Articles Tagged With: Canadian Cultural Property Export Review Board, Changes to Gift Criteria, Cultural Property, Drache Aptowitzer LLP, Heffel, Karen Cooper

Cutting Red Tape for NPOs and Charities – Changes to OCA

October 12, 2017

By: Karen Cooper On September 14, 2017 the Honorable Brad Duguid (irony?), Ontario’s Minister of Economic Development and Growth introduced Bill 154, Cutting Unnecessary Red Tape Act, 2017, (“Bill 154”) as part of a government initiative to reduce red tape – red tape is an idiom that refers to excessive regulation or formal rules.  Bill […]

Filed Under: Articles, Charities - Current Articles Tagged With: (NFP), amendments to OCA, Bill 154, Corporations Act of Ontario, Karen Cooper, not for profit corproations, OCA, ONCA, Ontario Not for Profit Corporations Act

Changes to the Canada Not-for-Profit Corporations Act – No Diversity Provisions

October 19, 2016

By: Karen Cooper As part of a legislative package intended to promote corporate transparency and diversity, Bill C-25 An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act and the Competition Act (“Bill C-25”) introduces changes to various federal corporate laws.  The main purpose of Bill C-25 […]

Filed Under: Articles, Charities - Article Archive, Charities - Current Articles Tagged With: Bill C-25, Board of Directors, Canada Business Corporations Act, Canada Not-for-Profit corporations act, CBCA, CNCA, corporate transparency, definitions under the CNCA, diversity, Karen Cooper, regulations

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