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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…