July 31, 2012
In Edwards v. The Queen, 2012 TCC 264 (July 23, 2012) the Tax Court dealt with whether it would allow a further delay in hearing a test case related to what CRA terms an abusive gifting tax scheme. This case deals with “ParkLane Charitable Donation Program.”
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July 27, 2012
The CRA has released today a new Guidance CG-014, Community Economic Development Activities and Charitable Registration. It replaces Guide RC4143, Registered Charities: Community Economic Development Programs. This guidance is really important for those dealing with social enterprise issues.
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If you take a look at a Canadian registered charity on the CRA Charities Directorate database you will note the option to click “Quick View” and it provides a better user interface to review certain information on the T3010.
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July 26, 2012
The CRA has revoked the registered charity status of Friday’s Child International
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The CRA recently revoked the registered charity Divine Faith and Deliverance Assembly. I note it as the reasons for revocations were refreshingly mundane and not extraordinary and many charities could learn from the issues
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July 19, 2012
Here is a copy of a letter from the Charities Directorate to the Hindu Temple Society of Canada. It is interesting for a number of reasons in that it discusses penalties for making gifts to non-qualified donees and the imposition of both a compliance agreement and a penalty. Furthermore, the letters discuss funding by the Hindu Temple Society of Canada of the Tamils Rehabilitation Organization (TRO) and the issue of the involvement of Canadian charities in political activities such as Tamil independence in Sri Lanka.
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July 16, 2012
Posted by Mark Blumberg on 07/16 |
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Canadian Charity Law
A UK law firm Farrer & Co recently published an article entitled “Tax reputation for high-profile individuals and corporations - being ‘legal’ is not enough”. Although it is a UK article it provides some important points for Canadians who are looking at schemes that are “too good to be true”. I have blogged about what CRA terms “abusive charity gifting tax schemes” and other inappropriate schemes involving Canadian charities. It is important that taxpayers not only consider the tremendous financial cost of investing in such schemes but also the reputational costs.
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The new Ontario Not-for-Profit Corporations Act (ONCA) is targeted to be brought into force by the Ontario government January 1, 2013. Both the Ministry of Consumer Services (MCS) and the Ministry of Government Services (MGS) will share responsibility for the administration of the ONCA MCS and MGS have just posted outlines of the regulations that will be needed under the ONCA. MCS and MGS are asking for comments on the outlines. These outlines are not the regulations and they don’t yet provide the details of what will be in the regulations. These ministries are providing the public with the opportunity to provide comments. Comments need to be made by August 31, 2012.
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The Ontario government has released Background Information on the Ontario Not-for-Profit Corporations Act (2010). In the background they note that the “ONCA is targeted to come into force on January 1st, 2013”.
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July 09, 2012
I am looking forward to giving a presentation with Lois Fleming of The Salvation Army on “Where do I start when leaving a legacy to a charity?”. This presentation is part of the CAGP Toronto Leave a Legacy Community Outreach Committee
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