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registered charity

By Occasional Contributors | 4 Minutes Read October 17, 2019

TCC ruling on failure to maintain adequate books and records with foreign activity and suspension

This case of Promised Land Ministries v the Queen is vital reading for any Canadian charity conducting foreign activities because of its extensive discussion of books and records and foreign activities.

Article by Occasional Contributors / Business, Not for Profit / charity responsibilities, expenses and receipts, foreign activity, overseas expenses, registered charity

By Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) | 5 Minutes Read April 11, 2016

Non-profit members and directors must adhere to corporate statutes and by-laws

The relationship between non-profit members and directors is sometimes akin to the relationship between parents and their newly-licensed teen-aged drivers. The key to the family car grants the teenager new freedoms, but sometimes, a parent’s only option is to reclaim the key. Members elect or appoint directors, delegating to them the power to manage the corporation. Corporate statutes and by-laws restrict the ability of members to participate in the management of the corporation once the directors hold the reins. Often, the only way for members to effect changes that the board opposes, is to reclaim the reins, by removing existing directors and appointing more amenable ones. http://canlii.ca/t/gh81g" target="_blank">Vaughan Community Health Centre Corporation v Annibale (2015 ONSC 2559 (CanLII)), recently examined the roles of members and directors, and the importance of adhering to corporate by-laws and statutes.

Article by Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) / Business, Not for Profit / boards, by-laws, Canada Not-for-profit Corporations Act, charities, corporate governance, directors, members, members' meetings, non-profits, Ontario's Corporations Act, Ontario's Not-for-Profit Corporations Act, registered charity, resolutions, voting

By Drache Aptowitzer LLP | 4 Minutes Read March 16, 2016

Donation tax rules: Now things are getting ridiculous

charity-donationPeople always complain about the tax laws being way too complex but you know things are bad when even the tax lawyers are losing track of the most fundamental elements of the law. And what could be a more fundamental element of income tax then knowing the right percentage to apply to a given transaction – specifically a donation?
Up until a few years ago the system for calculating the donation tax credits was relatively simple. You simply added the lowest rates for donations under $200 and the highest for donations over that. Dealing with the surtaxes was (and still is) tricky but we managed.
Now though the Federal and various Provincial governments are going their own way in developing their donation tax credit systems. The result is an asynchronous where advisors have to be careful in calculating the appropriate donation tax credit rate depending not only on what was … Continue reading “Donation tax rules: Now things are getting ridiculous”

Article by Drache Aptowitzer LLP / Not for Profit / charitable giving, donation tax credits, Donation tax rules, Giving, Income Tax Act, marginal tax rate, Provincial Tax Rate, registered charity, tax lawyers, taxable income before and after the donation

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