For many years, increasingly stringent regulation of the charity sector pushed oversight of the not-for-profit sector off the list of priorities. There was not even any good data on the number of not-for-profit organizations (NPOs) in existence, because the CRA did not compel them to file basic tax forms. Over the past several years, however, the Department of Finance and the CRA have started taking a closer look at the sector, beginning with a three-year review of over 1000 ostensibly random audits of NPOs. The final Not-for-Profit Report was just issued on February 17, 2014.
Established in 1995, First Reference provides organizations with practical and authoritative resources to help ensure compliance with constantly changing Canadian legislation and best practice