August 27, 2019
Question to CRA on alter ego trusts and whether transfers are a donation
STEP Canada had a CRA Roundtable on June 6-7, 2019 and they discussed a number of topics. One issue of interest to charities and…
June 28, 2019
Online Charity Law Courses from Blumbergs – 24/7 compliance education for registered charities
We have created two new online courses for those outside of Toronto who are not able to easily attend our programs. They might also be…
April 22, 2019
CFA Society of Toronto 2019 Wealth Conference
I will be speaking at the CFA Society of Toronto 2019 Wealth Conference on May 1, 2019 dealing with the topic "Professional Advisors and…
February 27, 2019
BC Bodner Estate Case – yes an estate can give to a list of charities and non-profits
An interesting little case in BC called Bodner Estate. Irene Bodna died and left about 8m to 24 different registered charities and…
July 17, 2018
CRA letter on gifts from an estate and recent changes to rules
Here is a letter from CRA discussing when an official donation receipt can be issued for a gift from an estate and how the 2016 changes affect…
July 17, 2018
CRA letter on private foundation receiving residue of alter ego trust and excess corporate holdings
There are certain rules in the Income Tax Act that only apply to private foundations and not charitable organizations and public foundations. …
June 24, 2018
UK guidance on bequest giving can be helpful for Canadian charities
The Institute of Legacy Management has published voluntary ethical guidelines for charities' legacy professionals, covering issues that can arise…
May 25, 2018
Blumbergs’ Receipting Kit for Canadian registered charities – by Mark Blumberg
Here is our Blumbergs’ Receipting Kit for Canadian registered charities 2018. If you wish to receive updates on the Receipting Kit…
May 11, 2018
Philanthropy and First Nations with Richard Bridge, charity lawyer
Here is a recent archived presentation Philanthropy and First Nations with Richard Bridge which explains the importance of philanthropy with…
May 2, 2018
Finance Canada releases 2018 Report on Federal Tax Expenditures Concepts, Estimates and Evaluations
The Department of Finance has released the 2018 Report on Federal Tax Expenditures. The document is over 300 pages and discusses the financial…
January 27, 2018
CRA updates guidance P113 – Gifts and Income Tax 2017 to reflect recent changes
P113 - Gifts and Income Tax 2017 is the main CRA publication dealing with gifts and their income tax consequences for Canadian taxpayers. The…
November 30, 2017
US changes to tax code could mean big problems for US charities
The US House and Senate are looking at major changes to the tax code that could have a significant impact on US donors and whether they receive…
October 28, 2017
CRA has some thoughts on advantages and gala dinners – fundraising costs and advantage are not same
Many Canadian charities conduct gala dinners although it seems fewer than in the past. We recently spoke to CRA regarding the amounts…
September 15, 2017
CRA letter on transfers of property by a corporation to its sole shareholder
CRA recently released a letter that discusses whether a transfer of property by a corporation to its shareholder that is a private foundation is a…
September 1, 2017
CRA’s views on gifts of life insurance policies to qualified donees
The Canada Revenue Agency recently released its views on when the adjusted cost base of a life insurance policy may be used to determine the cost of…
July 31, 2017
CRA releases new videos on auctions as part of Gifting and Receipting video series
CRA has recently released two new videos as part of their Gifting and Receipting video series. These videos are as follows: Auctions: when you can…
May 28, 2017
Recent letters released by the Canada Revenue Agency
We have provided two letters recently released by the Canada Revenue Agency. The first letter from CRA discusses the income tax treatment…
April 27, 2017
Recent letters released by Canada Revenue Agency
We have provided two letters recently released by the Canada Revenue Agency. The first letter from CRA discusses whether a donation to a…
April 2, 2017
Universities and Colleges fundraising in Canada – a great mechanism to fundraise effectively
Canada has a mechanism to recognize certain foreign universities for purposes of donations. It is probably the most generous tax incentive…
March 30, 2017
Guidance for Professional Athletes considering Philanthropy in Canada – Part 2
Kate Robertson and Mark Blumberg recently prepared Part 2 of the article series, Guidance for Professional Athletes considering Philanthropy in…
January 16, 2017
Guidance for Professional Athletes considering Philanthropy in Canada
Kate Robertson and Mark Blumberg recently prepared an article, "Some thoughts on Professional Athletes and Philanthropy in Canada: Part 1" which…
November 3, 2016
CRA releases new educational video series on ‘Gifting and Receipting’
CRA recently released its first video as part of a new educational video series on 'Gifting and Receipting'. This series is meant to…
June 29, 2016
Canadian registered charities no longer required to register as a charity in Quebec
As a result of the 2016 Quebec Budget, Canadian registered charities are no longer required to complete a separate charitable registration in Quebec…
May 26, 2016
CRA letter on donation of capital property and donation receipt
CRA recently released a letter which discusses whether an official receipt issued for property donated in kind can include an amount less than the…