What do I need to know about Canada Revenue Agency (CRA)'s new Guidance on Fundraising? That's an excellent question for all of us to ask...even with 20+ years in the profession! Go to the CRA website to find the new...
For board members and executives joining the nonprofit community from other industry sectors, the issues around taxation can be quite novel. Nonprofits, for example, are exempt from paying income taxes. Yet every nonprofit has a number of important tax obligations,...
Let's say your organization is experiencing a decline in volunteerism and no matter what you try, you can't seem to stem the tide. Meanwhile, thanks to the economic downturn, your expenses are escalating, making the lack of volunteers an even...
As of May 2009, the Canada Revenue Agency (CRA) replaced the Registered Charity Information Return with a new form, the T3010B. The new form contains far more detailed content, and because of the nature of the questions it is essential...
What do you mean our charitable tax receipts are incomplete? We’ve been using the same ones for the last 20 years! I won’t pretend to be the authority on tax receipting. I’d prefer to leave that up to Canada Revenue...
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...
