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Inside Internal Controls

News and discussion on implementing risk management

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Revocation

CRA’s Report on the Charities Program 2015-16

In January 2017, the CRA released its Report on the Charities Program 2015–2016, which provides interesting insights into Canada’s charitable sector. A common thread weaving through issues related to obtaining and maintaining charitable status is the need to create, maintain, and report/file information required by the Charities Directorate and the Income Tax Act.

 

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Maintain direction and control of charitable resources, or lose charity status

According to the Canada Revenue Agency (CRA), one of its main reasons for revoking a charity’s registration is the charity’s failure to devote its resources to its charitable activities. A recent Federal Court of Appeal case provides a refresher on what this requirement entails when a charity uses an agent or other intermediary.

 

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