We have a number of resources to assist including our online course Receipting for Canadian Registered Charities with an updated Receipting Kit.
If you wish to retain our law firm to assist with your charity or non-profit’s receipting questions, you can contact us.
Here is the press release from CRA: Fugitive Brampton tax preparer caught and jailed for $34 million fraudulent charitable donation scheme March 22, 2024 Brampton, Ontario Canada Revenue Agency The Canada Revenue Agency (CRA) announced today that Festus Bayden…
CRA has recently updated guidance “P113-23e Gifts and the Income Tax Act” with information on the donations and tax incentives. CRA updates the guidance every year although the changes are usually not that substantial. In this case, there were no…
In Ebert vs His Majesty the King, this case deals with what CRA argues is the inflated valuation of wine that was donated to a charity. The CRA argued that “The fair market value of the wines donated by the…
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…
Here is a presentation delivered by Mark Blumberg for CharityVillage on October 19, 2023. Top Ten Compliance Issues for Canadian Registered Charities Summary: A great deal has been written about legal compliance surrounding charities in Canada. Much of that material, however,…
CRA has a new page encouraging taxpayers not to become involved in inappropriate tax schemes, including those offered by some charities. The page is located here. Here is the text of the page: Beware of tax schemes that…
Recently, the Tax Court of Canada provided a judgment in Richard John Nixon and His Majesty the King, which deals with a leveraged donation arrangement that occurred in 2002 and 2003. The judgment was dated August 22, 2023. Even…
The CRA recently sent a response to the Canadian Tax Foundation on the new qualifying disbursement/grant to grantee and directed donations provisions. As many are aware, section 168(1)(f) of the ITA was amended to provide that CRA can revoke a…
Although often discussed in the Canadian charity fundraising area, charitable remainder trusts (CRTs) are rarely implemented in Canada. Most of the time, when someone is very excited about a CRT they are either an American or have just read a…
The Globe and Mail recently had an opinion piece criticizing changes to the rules relating to donations of marketable securities for some taxpayers who are also affected by the alternative minimum tax (“AMT”). In essence, next year, but not this…
Here is an updated Canadian Charity Legal Checklist by Mark Blumberg – July 2023. It is a checklist for Canadian registered charities to assist them with managing compliance issues. We use it as part of our informal risk reviews for…
I recently requested and paid for some customized data from Statistics Canada on donations to charities by income percentile. Here is the data on family giving, followed by some source information from Statistics Canada. I have also posted a blog…
I recently requested and paid for some customized data from Statistics Canada on donations to charities by income percentile. Here is the data on individual giving, followed by some source information from Statistics Canada. Here is a similar blog but…
In the recent Tax Court of Canada (TCC) case Osborne v. The King, 2023 TCC 98 (CanLII), it deals with whether a person made certain donations to registered charities. In this case, The Honourable Mr. Justice Randall S. Bocock decided:…
I will be presenting a webinar for Charity Village on October 19, 2023 on Top 10 Compliance Issues for Canadian Charities. Here is a blurb: Top 10 Compliance Issues for Canadian Charities A great deal has been written about legal…
This two-part course will be on Tuesday, August 15 and Wednesday, August 16, 2023. Both sessions will be from 12:00 – 4:00 PM EST. You can register here: Fundamentals of Running a Canadian Charitable Organization/Operating Charity – Online There are…
We recently updated our course titled Fundamentals of Running a Private or Public Foundation in Canada. This seven-hour course focuses on compliance issues with an emphasis on those specifically relevant to running a private or public foundation that is a…
Here is another case involving the Canadian Humanitarian Trust Tax Shelter (“CHT Arrangement”). The case is called Parker, R. v. The King (TCC). The decision goes into extensive detail about the tax shelter arrangement and the donation.
Here is a letter from CRA dealing with a charity that provides a municipality (qualified donee) with funds. Depending on how the funds are provided, they may not be recognized as a gift under the ITA. With the changes in…
We recently posted the CRA letters and charity response relating to the revocation of Brightline Foundation. The CRA concerns with the charity relate to the valuation of certain publicly listed shares. Here is an excerpt from one CRA letter: Fair…
Ebert v. His Majesty the King deals with certain tax receipts issued by charities for donations of wine relating to the 2005-2007 taxation years. The motions deal with assumptions made by CRA relating to valuation which the donors questioned. The…
In Herring v. The Queen and related cases, the appeals of a number of different people who had ‘invested’ in the Banyan Tree Foundation’s ‘leveraged donation program’ were dismissed. These investments, what CRA used to call “abusive charity gifting tax…
On May 11, 2023, the Supreme Court of Canada dismissed an application for leave to appeal in the case of Fortius Foundation v. M.N.R., with costs. Apparently, there was a motion to adduce fresh evidence and that was granted. We…
[Update: Every year I make some comments on Statistics Canada’s release of tax data. While in this note, I will discuss their normal release, we have also posted some custom data that we have received from Statistics Canada that are…