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.
CRA in June 2019 brought in a new charity application system under their CHAMP modernization program. Here is our article Making sense of CRAs new online Canadian charity application system.