Charities

Notice to Charities: Updated CRA Address for T3010 Registered Charity Information Returns

September 20th, 2018 by Iler Campbell

To our registered charity clients and other registered charities following our blog, please note that, as of October 8, 2018, the Canada Revenue Agency (CRA) will have a new mailing address for filing Registered Charity Information Returns (T3010). Registered charities are required to submit these returns annually.

This updated address is only for filing T3010 returns. All other correspondence should continue to be submitted to the CRA at its Ottawa address.

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Charities now free to engage in non-partisan political activities

July 20th, 2018 by Brian Iler

This article was first published on rabble.ca

Charities are now free to engage in non-partisan political activities.

That’s the explicit message of the Ontario Superior Court in its decision this week.

What a huge relief to those many charities that suffered through Stephen Harper’s politically motivated Canada Revenue Agency audits!

While Justin Trudeau promised reform, and suspended action on those audits, he has yet to deliver reform.

But the court did.

The application to the court was brought by a small charity, Canada Without Poverty, after Canada Revenue Agency (CRA) threatened to take away its charitable registration, alleging that virtually all of its activities involved political engagement.

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Think your waiver has you covered? It might not.

May 18th, 2018 by Elliot Fonarev

Chances are your organization has dealt with waivers if your services have the potential to create injury or liability to your clients or customers – for example, if you operate sports facilities or provide access to a physical space with potential hazards. If so, a recent decision of the Ontario Superior Court of Justice on the topic of waivers may interest you. It highlights that documents that release liability should be drafted very specifically to make it clear which legal rights are being waived.

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Impact investing: What are charities able to do?

April 3rd, 2018 by Ted Hyland

This article was first published on rabble.ca

Are charities legally permitted to make impact investments with their funds? Yes, but, getting to “yes” is not straightforward, and depends on the circumstances.

Impact investing is the use (mainly, but not exclusively) of money to simultaneously realize a financial return and a public or social good. A 2016 survey published by the Responsible Investment Association in Canada reports that in 2015 more than $9.2 billion in assets under management were identified by the survey respondents as being impact investments. A 2017 report by the Global Impact Investing Network  reveals US$114 billion in impact investments worldwide in 2016. These investments are in sectors ranging from housing and energy to microfinance, education, and arts and culture. The investment instruments include debt (e.g., loans, bonds), equity (both private and public shareholdings or units in partnerships), and real assets (in other words, tangible assets such as real estate or commodities, rather than financial capital).

Increasingly, charities are looking at using their funds and other resources to contribute to positive social, economic, cultural and environmental change (“social impact”), as well as to obtain a financial return. But does the law permit them to do so? Read the rest of this entry

A friendly visit from the CRA? About the new Charities Education Program

December 18th, 2017 by Elliot Fonarev

The Canada Revenue Agency (CRA) has launched a program to conduct in‑person visits to 500 registered charities each year to provide information and advice on their obligations under the Income Tax Act. The Charities Education Program (CEP) is designed to help charities avoid common errors and identify potential issues before it files its next information return.

Your charity may be selected by the CRA if it is newly registered, based on information from the charity’s information return (Form T3010, Registered Charity Information Return), or if the charity has not complied in common areas such as receipting and reporting. All charities are eligible for a CEP visit. The CRA is also considering creating an ‘on‑demand’ service in the future for charities that wish to request a CEP visit, however currently charities are not able to request a visit.

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Non-Profits: What you need to know about Bill 154

December 13th, 2017 by Elliot Fonarev

On November 14, Bill 154 received Royal Assent in the Legislative Assembly of Ontario.

Among other things, Bill 154 affects legislation governing Ontario non‑profits and charities, namely, the Corporations Act (OCA), Not‑for‑Profit Corporations Act, 2010 (ONCA) and the Charities Accounting Act (CAA). Read the rest of this entry