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charitable status

By Drache Aptowitzer LLP | 3 Minutes Read December 11, 2019

Charities in the waiting room

Most organizations that are pursuing charitable status are incorporated. Part of the requirement for achieving such status is that the corporation is organized to pursue charitable purposes. But that by itself is not enough for charitable registration and so prospective charities must apply to the CRA for registration. The question then arises about the tax status of those corporations that are not yet (and may never be) registered charities, and what are their responsibilities?

Article by Drache Aptowitzer LLP / Finance and Accounting, Not for Profit / Adam Aptowitzer, charitable registration, charitable status, for profit corporation, not for profit corproration, registering a charity, tax consequences, waiting for charitable registration

By Occasional Contributors | 4 Minutes Read September 11, 2019

CRA announces upcoming changes to the T3010 and T2050, removing political activities

On March 15, 2019, CRA announced that there will be changes to the T3010 Annual Return and the T2050 Application to Register a Charity to account for the recent changes to the political activities rules for Canadian registered charities.

Article by Occasional Contributors / Business, Finance and Accounting, Not for Profit / charitable status, charity tax return, political activities, T2050 Application to Register a Charity, T3010 annual return, tax reporting requirements

By Occasional Contributors | < 1 Minutes Read September 10, 2019

Account changes for registered charities under CHAMP

Canadian charities now have more options for doing certain transactions online using the CHAMP system. Charities should look into accessing their CHAMP account.

Article by Occasional Contributors / Business, Finance and Accounting, Not for Profit / CHAMP system, charitable donation tax receipts, charitable status, Charities Directorate, online transactions, Registered charities

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