November 25, 2011
The new Canada Not-for-profit Corporations Act (CNCA) is in force as of October 17, 2011. Industry Canada has placed hundreds of pages of information on the new act on their website in over 70 different documents. We have tried to accumulate the information in one PDF document which is now over 400 pages For up to date information check the Industry Canada website. We have also included for registered charities information from the Charities Directorate of CRA. This document may be helpful because it is easier to save a PDF to your computer or laptop especially if you will not have internet connectivity. Furthermore, one can word search (usually Control F) for words through the document. This document is not comprehensive and in the future we may update it.
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November 21, 2011
Charity Central, based in Edmonton, has released a series of resources entitled Road to Accountability to help Canadian charities deal with the issues of accountability and transparency.
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November 19, 2011
David Baines of the Vancouver Sun just wrote an article dealing with the VIA Project entitled “Ontario company pitching controversial charitable donation scheme in Victoria: Canada Revenue Agency has disallowed similar ‘buy low, donate high’ schemes”
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November 18, 2011
The CRA has just released another letter on the issue of whether a non-profit that is not a registered charity qualifies as a non-profit as opposed to being a for-profit taxable entity. This letter covers “Does a Hall Charities Association meet the requirements of paragraph 149(1)(l) of the Act?”
CRA concludes that it might or might not depending on the facts and that more information is required to make such a determination.
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I recently gave a presentation to the Law Society of Upper Canada’s 14th Annual Estate and Trust Summit providing the Charity Law Update.
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November 16, 2011
Posted by Mark Blumberg on 11/16 |
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Canadian Charity Law
Today the Toronto Star posted an article entitled “Audit of charities encounters resistance”. I think that it is very important that there be transparency about charities and I have written quite a bit on the subject. Charities must be transparent with various stakeholders because such transparency is important in informing stakeholders of the work of the charity, and maintaining public trust and confidence in the charitable sector. However, I have a number of concerns with some of the statements and quotes in the article and also the article fails to broach many important issues and complexities with transparency in the charitable sector.
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The Toronto Star has written about a Canadian charity named HEDAC in an article entitled “Toronto charity goes from zero to $60M in a year”
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Another Canadian charity has been revoked involvement with “abusive charity gifting tax shelters”. [Update] Here is a copy of various letters from CRA to The Malvern Rouge Valley Youth Services.
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November 02, 2011
The CRA has just released its Consultation on Proposed Guidance on Arts Organizations and Charitable Registration under the Income Tax Act.
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The CRA released on November 1 a bulletin on the new Canada Not-for-Profit Corporations Act (CNCA).
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