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…

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. …

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…

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 you should join…

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…

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…

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…

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…

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…

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…