Can we have members without charging for membership? Our low membership fees are waived for over half of our members, and the total revenue from fees is not worth the cost and effort of collecting the money. Must people pay...
You are accountable. In the wake of a global economic meltdown attributed to financial greed and irresponsibility, regulators worldwide are focusing on accountability as the means to cleaning up the mess, and preventing it from recurring. Board members of all...
After last month's podcast you should be armed with a good understanding of just what the GST is. This month, we discuss the unique effect that the GST has on charities, the importance for the organization and its directors to...
It's hard to ignore screaming headlines today about the sorry state of the US housing market. Talk shows are dominated by stories about hapless homeowners who unwittingly gorged themselves on mortgages they really couldn't afford. As Warren Buffet says, "It's...
The world certainly feels topsy-turvy right now. Each day seems to bring new challenges to the economy...and new financial challenges for nonprofits. Your donations may be diminishing. Government funding may be declining. Membership may be falling. Sales may be receding....
Understanding how the Goods and Services Tax (GST) works is important to all Canadians. In this podcast, find out exactly what the GST is and how it works, whether it is similar to PST in some provinces, as well as...
Wherever you turn these days, there is no escaping the talk of financial doom and gloom. From newspaper articles to television news reports, from politicians and economists to the general public, the economic downturn and its impending consequences are on...
In this podcast, we continue the discussion of disbursement quotas that began in Part 1 and explore such topics as how to calculate your disbursement quota, whether or not an accountant is necessary, how foundations amass large endowments, and the...
The Income Tax Act requires charities, as nontaxable entities, to spend a certain percentage of their income each year on charitable activities. In this podcast, find out more about these disbursement quotas, what happens when a charity doesn't comply with...
Much has been made in the press over the last year about the alleged fraudulent use of tax shelter plans by Canadian charities. If you’re at all interested in the charitable sector in this country, then you’ve likely read the...
