This new course, “Should Our Non-Profit Become a Canadian Registered Charity and if so, how?” discusses when it may be advantageous, or not, for a Canadian non-profit that has already been established to apply for registered charity status with the…
We have a new course, “Should Our Non-Profit Become a Canadian Registered Charity and if so, how?”. It discusses when it may be advantageous or not for a Canadian non-profit that has already been established to apply for registered charity…
With only a small percentage of Ontario non-profits having finished dealing with the ONCA process, there are many Ontario non-profits (both charities and non-charities) that will have an uphill battle to deal with the changes over the next few months.…
CRA advised on November 9, 2023, that there will be a new T3010 form for those filing on or after December 31, 2023. The form will be called T3010 version 24. Here is our blog. On December 14, 2023, we…
We recently reviewed the T3010 Registered Charity Information Return database for 2021 as part of the Sean Blumberg Transparency Project. The database covers about 83,771 of the approximately 86,000 registered charities in Canada that had filed their T3010 and were…
We are happy that more filing features are being added to the Ontario Business Registry (OBR). When an Ontario non-profit corporation continues to another jurisdiction, it is required to “file with the Director a copy of the instrument of…
Recently Prof. Brouard and others have written some reports on the foundations affiliated with certain professional sports organizations. The reports could be found at ). Here are the individual reports: Brouard, F., Litalien, M., Perreault, L. (2023). Canadian Foundations…
The CRA has released an updated or “finalized” version of Guidance CG-032, Registered charities making grants to non-qualified donees (PDF)) today. As with all CRA guidance, it is subject to review and changes. We will be writing about and presenting…
One of the requirements of a non-profit under section 149(1)(l) is that “it is organized and operated exclusively for social welfare, civic improvement, pleasure, recreation or any other purpose except profit;”. Some non-profits are conducting profit-making activities, which could have…
Did you know that Canadian charities spent in 2021 about $177 billion on salaries and other compensation expenditures, according to our Blumbergs Canadian Charity Sector Snapshot 2021? With millions of people working for the charity sector, it cannot be understated…
During a recent CRA webinar, they discussed what is new in 2024 T3010. The new T3010 should be available in January 2024 and will be applicable for registered charities with a fiscal period ending on or after December 31, 2023. …
The Liberals have not backed off their promise to change the alternative minimum tax (AMT) relating to donations of marketable securities. Minister Friedland recently had some comments in the Hansard on the topic. I have covered this issue in two…
Groups can apply for the Canada Summer Jobs Program from November 21, 2023, to January 10, 2024, at 11:59 p.m., Pacific Standard Time. It offers wage subsidies for summer employment for young people aged 15-30 years. Who can apply? …
I am glad that CRA will be be doing webinars on completing your T3010 online. As we have blogged before, many charities are now filing the T3010 online, but many more should be. To file your T3010 online, your charity…
Finance Minister Chrystia Freeland released the Canadian government’s fall economic and fiscal update today, Tuesday, Nov. 21, 2023. There were many initiatives relating to housing, and this could be very beneficial to groups involved with providing affordable housing. If there…
Applying to be a registered charity in Canada is not just getting another number from CRA, like opening a payroll account or HST account. Many people know this, but unfortunately, many don’t. Having 10 lawyers who just work with non-profits…
There was recently an article Charity Commission may intervene if trustees refuse philanthropic donations, chair says Essentially, the Chair of the Charity Commission of England and Wales said that the Charity Commission may intervene if trustees demonstrate “personal squeamishness” around…
As we discussed in our previous post, Corporations is sending notices of intent to dissolve to CNCA corporations that have not filed their annual returns for 3 or more years. Now Corporations Canada has sent a further 685 notices in…
There are a number of searches and filings that you can do directly on the Ontario Business Registry (OBR) with the Ontario Government. You can also use a search company (or what the Ontario Government refers to as an authorized…
Ontario Business Registry (OBR) has a new feature called The Partner Portal which will help various types of businesses that are dealing with numerous different Ontario corporations. These businesses are referred to as intermediaries. There are no fees associated with…
There has been a new update to Ontario accounts on the OBR. The ONe-Key ID account (which many of you have been using to access a corporation’s profile on the OBR) has been replaced with a My Ontario Account. You…
It was nice to see a clarification from CRA today on an issue that garnered far too much attention in the charity sector, namely the issue of filing T3 Trust Income Tax and Information Returns for internal trusts. CRA clarified…
If your Canadian registered charity has a December 31, 2023 year-end or later, you will need to use the new form of T3010 (called version 24). For those who use the CRA MyBA, you don’t have to worry about that,…
Here is our article How much publicly listed securities are donated to Canadian charities and how will AMT changes affect charities November 2023 With all the confusion about donations of marketable securities and the AMT, we thought we would offer…