The Budget Implementation Act No. 1 was recently passed which allows for “(l) enabling registered charities to enter into charitable partnerships with organizations other than qualified donees under certain conditions;”. There has been a lot of changes and misunderstandings about this change.
Many Canadian registered charities have March 31 year ends. Mostly these are aligned with government funders who have a similar year-end. These March 31 registered charities need to ensure that they can accurately file their T3010 by September 30.
CRA in its Fundraising Guidance explains the importance of having a reserve fund policy. By the way this is not “new”. The guidance has been around since 2012.