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Inside Internal Controls

News and discussion on implementing risk management

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Charitable organizations

What is the CRA policy on political advocacy activities carried out by registered charities?

Registered charities have special concerns when it comes to the legal and administrative application of the Income Tax Act. To maintain charitable status under the Act, a charity must devote substantially all of its resources to charitable purposes and activities—and avoid excessive political activity…

 

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Finance committee report into charitable donation incentives is a disappointment

Several years after hearings into charitable donation incentives were first proposed by Member of Parliament Peter Braid, we finally have the report of the Parliamentary Finance Committee. Unfortunately, it seems that the after years of anticipation the final report is neutered of any real effect because it lacks analysis. Fundamentally, the report is a review of the submissions made by the various witnesses followed by a qualified set of recommendations and even at that is a light read.

 

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What does the proposed federal budget hold in store for Canadian charities and non-profit organizations?

The federal government’s 2012 budget includes some measures that deal with charities and not-for-profit organizations. The one that I’ll focus on here is intended to improve transparency at affected organizations and limit their ability to undertake political activity.

 

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Ontario Not-for-Profit Corporations Act

Ontario’s legislature wasted no time following the passage of the Canada Not-for-profit Corporations Act to enact its own Act to revise the law in respect of not-for-profit corporations (Bill 65). The Bill received royal assent on October 25, but the government hasn’t set a date for it to come into force yet.

 

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