Charities in Canada are not allowed to bestow undue benefit, a situation where an individual, corporation, or other entity receives a tangible benefit from their involvement with a particular charity.
As the federal government does not have the necessary jurisdiction to regulate charities, it is forced to use the registration system, through the Canada Revenue Agency, to enforce regulations more generally. This podcast provides further clarification and is of vital interest to anyone working in the nonprofit sector.
Although charities don’t have to file income tax returns, filing their information return is one of the most important responsibilities that a charity has. A failure to file results in the Canada Revenue Agency revoking a charity’s registered status.
Are you prepared to meet all your legal requirements in 2010? Find out the top three things you should be aware of for 2010, as well as other factors such as insurance, employment agreements, privacy policies.
Are you thinking of starting or joining an umbrella group that oversees other organizations? If so, it’s vital that you understand all the legal ramifications, including charitable status, following provincial and federal regulations, disbursement quotas, and basic terminology.
The HST will have an impact on nonprofits and charities in many different ways, including with regard to federal tax rebates and exemptions. Find out whether your organization will have to pay more in taxes, how your administration costs may drop, and how the HST might affect your clients and donors.
Membership in an international organization does carry with it some legal ramifications, making it vital for nonprofits to know their rights and responsibilities. In this podcast, Adam and Nicole discuss how this type of membership can affect lawsuits, taxes, and fundraising efforts.
Canada’s new Not-for-profit Corporations Act received royal assent this past June, and could affect upward of 100,000 organizations throughout Canada. This podcast outlines how to find out whether your organization is affected, what you need to do if you are impacted by the Act, and changes to audit rules and corporate governance regulations.
The CRA recently released a new Guidance on Fundraising document, with the purpose of educating charities on what is considered appropriate, and legal, with regards to fundraising activities. It is vital that all Canadian charities have a full understanding of how it affects them.
The new T3010B form contains far more detailed content, and because of the nature of the questions it is essential that the form is filled out properly. This podcast also discusses the new application for registered charity status which will be in effect as of September 2009.
