We assist Canadian charities, their staff and boards of directors, to understand their legal and ethical obligations when operating a Canadian registered charity and provide insights and information to non-Canadian charities interested in operating or fundraising in Canada.
The charitable sector in Canada has become more challenging. It is highly competitive with over 86,000 Canadian registered charities. As well donors, regulators, media, the public as well as other stakeholders, have increasingly high expectations of charities and how they operate. We assist charities in Canada grapple with these important legal and standards issues.
Industry Canada has updated their "Frequently Asked Questions" with respect to the CNCA Continuance process to provide some useful information to the public on what will happen to corporations still under the CCA now that the continuance deadline of October 17th has passed.
If you are submitting corporate documents to Industry Canada then expect delays in processing. What might have been a 1 week turnaround for a continuance may now be 2 weeks. This delay is caused by a large number of last minute continunace filings. However, if you have not filed your continuance documents do not despair - see our note here.
Here is the Blumbergs' Ontario Charity Sector Snapshot 2012. For those who are interested in the size and scope of the Ontario registered charity sector you may find it interesting. We have taken a subset of the 2012 T3010 data to look at only registered charities based in Ontario.
The Supreme Court will be hearing the Guindon case in December. The case deals with the constitutionality of certain penalties that are provided for in the Income Tax Act (Canada). We have discussed the case in an earlier blog posting. It will be interesting to see what the Supreme Court of Canada decides in this matter. Apparently only about 50 such penalties have been imposed by CRA over the last decade but the ability to impose penalties is significant.
CRA recently released a letter which discusses whether certain agencies and boards are considered municipalities or municipal or public bodies performing a function of government and therefore exempt from income tax under paragraph 149(1)(c) of the Income Tax Act (the “Act”). CRA indicated that it was unlikely that the agencies or boards being inquired about would meet the criteria to be considered a municipal or public body performing a function of government.
CRA recently released a letter which discusses various issues relating to an inquiry as to whether income from a fundraising event would be exempt from tax as a non-profit organization under paragraph 149(1)(l) of the Income Tax Act (the “Act”). CRA had the following comments: