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Inside Internal Controls

News and discussion on implementing risk management

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donations to charity

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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Indian experiment would have interesting implications in Canada

One of the advantages of being part of the commonwealth is that we share commonalities in methods of taxation and governance with a variety of different countries. So when one of these countries experiments with a different way of doing things we should examine the attempt for lessons which can be learned here. So it is with great interest that we note a recent attempt by India to mandate gifts back to the community in the name of corporate social responsibility.

 

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