Bill C-4 is coming! In January, the government proposed a bill aimed at reforming the way nonprofits and associations incorporate. There are significant changes to how organizations incorporate initially and operate daily. Are you aware of Bill C-4's impact on...
Setting up and running a charitable organization can be a tricky business, so it's important to ensure that you're always on the right side of the law. In this podcast, Adam and Nicole discuss the question of turning a business...
Now that you understand what the GST is and how it affects charities, it's important to take a look at how a charity can go about getting back the GST that they paid out during the year. This podcast discusses...
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...
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...
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...
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...
When audited by the Canada Revenue Agency, charities may find themselves being asked to provide third-party information. Third-parties can be as varied as the charity's donors or employees, and when the CRA requests information, a charity has little choice but...
Compliance agreements are really just agreements made by an organization to comply with the law. How does this affect charities? Typically, compliance agreements occur between charities and the Canada Revenue Agency (CRA), often following an infraction. Find out exactly what...
