not-for-profit organizations
Canadian Federal Budget 2019 and its impact on non-profits and charities
Finance Minister Morneau delivered the 2019 Federal Budget on March 19, 2019. Here is our article.
Upcoming deadlines and changes for charities and other not-for-profits
Charities and not-for-profit organizations need to be aware of some upcoming changes to rules and laws.
Credit-proofing charity assets
Most charities and not-for-profit organizations are incorporated as non share capital corporations. These corporations are considered separate legal entities from their members or directors. This ‘separateness’ protects the members (and to a large extent directors) from being personally liable in the event the organization finds itself liable for damages as a result of a court finding.
Ontario Not-for-Profit Corporations Act update
So, the Ontario government is taking another step toward implementing the Ontario Not-for-Profit Corporations Act. It has introduced, Bill 85, An Act to amend various companies statutes and to amend other statutes consequential to the Not-for-Profit Corporations Act, 2010, which would make amendments to several existing laws that are necessary before the Not-for-Profit Corporations Act can come into force…
Voluntary disclosure and non-profit organizations
If you operate an incorporated not-for-profit organization, you must file a tax return every year, unless your org is a registered charity. If you fail to file a return, you could be on the hook for a big past tax judgment.
What qualities make a good non-profit director?
How can a not-for-profit organization ensure that its board members are living up to their responsibilities? How will they know whether their performance measures up to expectations? Can wide-ranging assessments of board members’ performance provide useful information to individual members and the board as a whole to help the board and its organization reach their potential?
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.
Canada’s Not-for-profit Corporations Act is finally here
The federal government has passed the Canada Not-for-profit Corporations Act. While the Act won’t come into force for some time yet, what does it mean for you?
Moving forward on the HST
We last discussed British Columbia’s and Ontario’s transition to harmonized sales taxes in March, and now they’re here. In fact, as you well know, they’ve been here for more than two months, and not everyone is happy about it. British Columbians in particular are angry, and have called for a referendum on the issue, which will take place next September. Ontarians have once again shown their stoic side as the government tells them what’s best. While many have complained, no one has made a significant attempt to repeal the tax.
Provincial fund to help not-for-profit organizations with infrastructure costs
If you work in the not-for-profit sector, chances are that your organization performs some sort of community service, quite possibly helping disadvantaged persons or designated groups, such as visible minorities, Aboriginals, persons with disabilities or addictions, or women. For this reason alone, not-for-profit organizations are essential to the well-being of our communities and cities. But you already knew that.
Ontario introduces not-for-profit corporations act
In late May, Ontario Bill 65, the not-for-profit corporations act, received second reading in the provincial legislature. This is the culmination of several years of consultation with the not-for-profit sector.
Not-for-Profit: The perils of bad governance
When a board of directors, senior staff, volunteers and members of a not-for-profit are marching to the same beat, an organization can do great things and win the admiration of the community at large. But when they fall out of step—for example, when the board loses control of the executive director, or the organization squanders the respect of its members or volunteers—things can go very wrong, very fast.
Not-for-Profit: Ontario announces plan for partnership with NPOs
On April 22, the government of Ontario announced that it will develop a long-term plan for its partnership with the not-for-profit sector in collaboration with the Ontario Trillium Foundation.
Charities, not-for-profits and the Income Tax Act: recent developments
I recently read a couple of articles dealing with the relationship between not-for-profit organizations and the Canada Revenue Agency, particularly with respect to fraudulent charitable tax receipts and what non-profits can do about accidental profits.
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