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Inside Internal Controls

News and discussion on implementing risk management

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T3010

CRA revises position on the retention of church envelopes

As a condition of charitable registration, charities are required to keep proper books and records. This requirement not only enables the Canada Revenue Agency (“CRA”) to audit charities efficiently, but it also ensures that charities are able to justify and validate the information provided on their T3010, Registered Charity Information Returns. One of the most common […]

 

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Evolving employment contract law, political activities and charities

Non-profit organizations may not consider it priority number one, but reviewing your legal compliance will protect your organization’s finances, your reputation, your directors and donors—even your organization—from shifting legal sands.

 

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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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The importance of internal controls when filing the annual T3010 information return

One look at the recent charity headlines should remind charities of the importance of internal controls when it comes to filing the annual T3010 information return (also known as a charity’s tax return).

 

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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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Canadian charity law checklist features compliance issues

Charity and non-profit lawyer Mark Blumberg offers a compliance checklist for Canadian charities via the GlobalPhilanthropy.ca charity assistance project.

 

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