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…

Top Fallacies about Private Foundations in Canada

Here is a recent article written by Mark Blumberg, Kate Robertson and Lynn Gluckman of Blumberg Segal LLP on the Top Fallacies about private…

Top Fallacies about Private Foundations in Canada – Part two

The Hillborn Charity eNews just published the second part of our article Top fallacies about private foundations in Canada.  It discusses…

Top fallacies about private foundations in Canada – Part one

The Hillborn Charity eNews just published the first part of our article Top fallacies about private foundations in Canada.  It discusses…

CAGP Advanced Canadian Gift Planning Course in Toronto

The CAGP will be offering an Advanced Canadian Gift Planning Course in Toronto from June 1-3, 2016. I will be delivering two presentations.  The…

2016 Federal Budget and its impact on non-profits and charities

Today the new Liberal Government has delivered their first budget.  Here is our article 2016 Canadian Federal Budget - How will it affect…

Should a registered charity issue an official donation receipt for gifts from a qualified donee

We get this question often.   If a registered charity receives funds from a qualified donee then it should not issue an official donation…

CRA provides information on graduated rate estates and charitable donations

The CRA has provided some information on how estate donations will change in 2016.  Essentially the tax benefits for bequests and certain…

Finance proposals to adjust deadline for donation by estate to charity from 3 years to 5 years

The Department of Finance has released Legislative Proposals Relating to Income Taxation of Certain Trusts and Estates.   There are a number of…

CRA letter on gifting to a public foundation

CRA recently released a letter which discusses whether a gift of a share of the capital stock of a corporation to a public foundation to which…