Risk management is as critical in the not-for-profit sector as it is in the for-profit world. The more common definition of risk is the chance that events prevent an organization from achieving its objectives. In reality, risk is the possibility that events will affect the achievement of objectives.
In 2020 CRA gave an extension to many charities to deal with the unexpected events around COVID. In 2021, unless the situation changes drastically, there will be no extensions. The normal rules apply for filing of the T3010 for registered charities.
There has been lots of buzz in the news about employees deciding that since they are working from home anyway, they may as well skip winter and do so from Mexico! Employers asked to authorize working by the beach wonder, is this cause for concern? Maybe and maybe not. There’s lots to consider.