Odette case deals with donation of private company shares by estate and CRA denial of donation receipt

There is often confusion in the charity sector about donations of marketable securities vs. donations of private company shares in Canada.  There is…

Blumbergs’ Written Submission to the Department of Finance with respect to the disbursement quota for Canadian registered charities

Here is Blumbergs' Written Submission to the Department of Finance about the disbursement quota. As we note in the submission, we are firmly in…

Should the disbursement quota for registered charities in Canada change or be left alone?

In this article "Should the disbursement quota for registered charities in Canada change or be left alone?", Mark Blumberg and Jessie Lang discuss…

CRA warns about tax shelter gifting schemes and the consequences of participating

CRA recently sent out an email entitled "Warning: Watch out for tax shelter gifting schemes".  I am not sure if this is just regular communication or…

Revised P113 – Gifts and Income Tax 2020 – deals with tax benefits of donating to charities

2020 was a turbulent year.   The CRA has updated their document P113 – Gifts and Income Tax for 2020.  The P113 is a helpful guide to the tax…

Capacity building, education, and online courses for the Canadian charity and non-profit sector

Our firm has been using online tools for over 10 years – primarily webinars.  In 2018, we moved to providing paid online courses dealing with charity…

The Charity Report provides a profile of the Blumbergs’ Snapshot of the Canadian Charity Sector

We were pleasantly surprised to see that The Charity Report "your independent source of news in the charity sector" recently published an article…

Blumbergs Canadian Charity Sector Snapshot 2018

Here is our Blumbergs Canadian Charity Sector Snapshot 2018. We recently reviewed the T3010 Registered Charity Information Return database for 2018…

We have recently added two new online courses for Canadian charities

We have recently added 2 new full-day courses namely Fundamentals of Running a Canadian Charitable Organization/Operating Charity and Fundamentals of…

New course on restricted gifts in Canada by Mark Blumberg

Today we are launching a new course of restricted gifts for Canadian charities: "Restricted Gifts - Managing the Opportunities and Dangers of…

Additional Information from the BC Financial Services Authority on gifts of life insurance to charities

I wrote to the BC Financial Services Authority on May 4, 2020, asking for some clarifications relating to their Information Bulletin entitled…

BC Financial Services Authority and gifts of life insurance to charities

Every year less than 1% of Canadian registered charities identify in their T3010 receiving a life insurance policy for which they issued an official…

Special purpose fundraising for COVID-19 – be careful what you ask for!

Many groups are doing special purpose fundraising for COVID-19 in which they are specifically soliciting or accepting for COVID-19 related programs.…

PGT views of what is “pandemic-related”

We have written about 2 recent notices from the Ontario Public Guardian and Trustee ("PGT") relating to restricted funds and the pandemic.  These are…

Ontario Ministry Allows Virtual Witnessing of Wills -important for bequests

Many people at home right now have some time on their hands and some are thinking about updating their wills.  Some don't have wills at all and for…

If your Canadian charity has assets/reserve and you don’t have a reserve fund policy you should stop fundraising

There is a backlash brewing against charities that are putting up desperate requests for funding but when people look at their annual report,…

Some initial issues for a new Canadian grantmaking foundation

Here is our article "Some initial issues for a new Canadian grantmaking foundation".   Hopefully, it will provide some ideas as to issues that new…

Donor Advised Funds can have greater secrecy – it can also be a problem

Donor Advised Funds are registered charities in Canada that allow a donor to donate to the charity but the donor retains the ability to recommend…

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…

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 helpful to…

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…

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 non-profits that…

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…

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. …