Here is an announcement from CRA relating to new webinars dealing with gifting and receipting on November 16 and 17, 2021. Charities information webinars We are pleased to announce that the next charities information webinars about gifting and receipting will…
You can search for an Ontario non-profit corporation using the Ontario Business Registry (OBR). Here is a link to the OBR. Once you click the link you will need to scroll down and click on the blue icon that says…
There is often confusion in the charity sector about donations of marketable securities vs. donations of private company shares in Canada. There is a huge difference in complexity between the two different transactions, although many charity gift acceptance policies that…
The Ontario government has launched a new modern Ontario Business Registry system today, October 19, 2021. The new Ontario Business Registry offers simpler and faster access to many services and documents for organizations that are registered, incorporated, or licensed to…
The long-delayed Ontario Not-for-Profit Corporations Act, 2010 (“ONCA”) has officially come into force today, October 19, 2021. ONCA provides a modern legislative framework for Ontario’s not-for-profit corporations and charities. ONCA generally now applies automatically to all existing non-profit corporations incorporated…
The new forms for the Ontario Not-For-Profit Corporations Act (ONCA) were released on October 18, 2021. ONCA and the new Ontario Business Registry (OBR) will be launched at 9am today. Here are the ONCA forms as of October 18,…
The last complete data year from the CRA and the T3010 is now 2019. Consequently, we have updated CharityData.ca to be based on the 2019 data when conducting searches or filtering. The website still has material from 2003 -2020 but…
The Ontario PGT has recently put out some interesting information relating to the implementation of ONCA when it is a “charity” or “registered charity”. The most important takeaway relates to the extent that the PGT will be involved (or not…
With the launch of the new Ontario Business Registry (OBR) in Ontario on October 19 you should obtain your company key. Also, those Ontario corporations who had annual returns due from May 15, 2021 through October 18 can file those…
Some Ontario corporations have provisions in their by-laws that allow for virtual meetings. This is particularly important during COVID. However, some have provisions that prohibit virtual meetings. The Ontario government has emergency provisions that allowed for virtual meetings for…
The CRA was asked whether monetary compensation paid to participants in clinical research studies is taxable income and whether the payer is required to issue a tax slip to the participant. Here is their response: CRAs views on compensation paid…
The JCCF was in the news a few months ago and at the time we requested certain documents from CRA on the organization. The public is allowed to request documents from CRA dealing with charities. Here are the redacted documents…
Here is a CRA’s letter 2019-0825751E5 Whether a NPO has a profit purpose — Section 149(1)(l) (1) dealing with Non-profit organizations and business activities, reserves and dealing with non-members. There are many non-profit organizations that are non-registered charities and they…
Here is Blumbergs’ Written Submission to the Department of Finance about the disbursement quota. As we note in the submission, we are firmly in favour of an increase in the disbursement quota. We so suggest possible changes in our submission…
In this article “Should the disbursement quota for registered charities in Canada change or be left alone?”, Mark Blumberg and Jessie Lang discuss the disbursement quota (DQ) and the Department of Finance’s consultation on whether the Income Tax Act should be…
We have recently upgraded the CharityData.ca website. The work on the upgrade has taken place over the last eight months. Some of the changes or improvements include the following: A new search engine that is quicker than the old…
I was asked the question “How engaged are Canadian registered charities in this election?” by a journalist and to be honest, I had to say I have no idea. There seems to be a big disconnect between the words spoken…
We received a notice from Service Ontario relating to filings prior to ONCA coming into force on October 19, 2021. Essentially any filings done by mail under the OCA need to be completed by September 17, 2021 even though ONCA…
Corporations Canada recently announced that they have taken 2 additional security measures to ensure the accuracy of the information about federal corporations made available to the public. This will impact especially intermediaries such as lawyers and accountants when filing on…
At a time when charities need funds and private foundations alone are sitting on $95 billion dollars, the Advisory Committee to the Charitable Sector (ACCS) has prepared a submission to Finance Canada stating that the disbursement quota (DQ) issue is…
We reviewed the Canadian registered charities that identified they issued official donation receipts and the total amount of donation receipts issued was approximately $19.6 billion. Here is a list of the Canadian charities that issued the largest amount of official…
Here is our note on Which Canadian charities had the largest assets in 2019?. Canadian registered charities are required to disclose on the T3010 their assets. The total assets of all the 83,832 registered charities were over $518 billion. Below…
The Liberals have recently released their Liberal Party Platform-Forward-For-Everyone. The Liberals and Conservatives have always played a culture war game at the expense of the charity sector. Whether it’s political activities of environmental charities, abortion, etc. The cost of…
In the Statistics Canada “Canadian Survey on Business Conditions, third quarter 2021” it has some interesting comments relating to non-profits. Stats Can notes that “This survey collects information on business expectations in the future and the ongoing impact of the…