Guidance CG-014 on community economic development

Charities can now help businesses in the aftermath of disasters

January 9, 2018 Occasional Contributors Advocacy and Public Policy, Board of Directors, Process and Responsibilities, Business and Legal Issues, Charities, Corporate Governance, Environmental Issues, Finance and Accounting, Income Tax Planning / Tax Schedules / Remittances, Leadership and Management, Not for Profit, Sales, Marketing and Operations

In August 2017, the Canada Revenue Agency (“CRA”) updated its Guidance CG-014 on community economic development (“CED”) activities and charitable registration. There were a number of updates to the Guidance, but the most significant was the inclusion of the statement that charities are now able to support, on a more long-term basis, the efforts of businesses that are helping to rebuild communities affected by disaster.

Aftermath of disasters, Canada Revenue Agency, corporate social responsibility, disaster relief, funding from charities, Guidance CG-014 on community economic development, Internal Controls, rebuild communities affected by disaster, recovery assistance, social discourse