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By Occasional Contributors | 7 Minutes Read March 18, 2022

What should charities do if they find out that a board member donated to the Freedom Convoy?

This is a situation where an individual used their own personal funds donated to the convoy and did not use charity funds which would be a much worse and more serious issue.

Article by Occasional Contributors / Not for Profit / board members, charities, Donations, fiduciary responsibilities, Freedom Convoy, GiveSendGo, GoFundMe, social media Leave a Comment

By Occasional Contributors | 8 Minutes Read February 23, 2022

Accepting cryptocurrency for donations or payments can be quite risky for Canadian charities unless you know what you are doing

bitcoin in front of a computer screenCryptocurrency has been in the news now for many years. While cryptocurrencies such as Bitcoin, Ethereum etc. have received a lot of attention, in my anecdotal experience, very little money has been provided to Canadian charities through cryptocurrency.

Article by Occasional Contributors / Finance and Accounting, Not for Profit / charities, CRA charity audits, cryptocurrency, donatinos Leave a Comment

By Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) | 3 Minutes Read October 6, 2021

October 19, 2021: Changes for Ontario entities

October 19, 2021 will bring changes for both not-for-profit and for-profit entities in Ontario. First, the Ministry of Government and Consumer Services will launch the OBR on October 19, 2021. Second, on October 19, 2021, and after more than 10 years, the ONCA comes into force. During that long wait, other Canadian jurisdictions have modernized their not-for-profit statutes. For instance, federally, the Canada Not-for-profit Corporations Act came into force in 2011, and British Columbia’s Societies Act came into force in 2016.

Article by Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) / Not for Profit / Duty of care, governance, Not-for-profit Corporations Act, not-for-profit governance, not-for-profit organizations, Ontario Business Corporations Act, Ontario Business Registry Leave a Comment

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