record keeping requirements
November 12, 2019 Occasional Contributors Accounting Systems and Controls, Accounts payable and receivable, Board of Directors, Process and Responsibilities, Budgeting and Auditing, Business and Legal Issues, Charities, Corporate Administration, Corporate Administration and Legal Matters, Finance and Accounting, Financial Compliance / Planning / Management, Financial Management, Not for Profit, Records Management and Retention, Sales, Marketing and Operations,
A recent Tax Court of Canada (“TCC”) decision, Promised Land Ministries v. The Queen[1], serves as a reminder to charities of the importance of maintaining proper books and records.
books and records, failing to maintain complete and accurate receipts, financial statements, good governance, internal audits, qualified donee status, record keeping requirements, tax receipting privileges
January 16, 2019 Drache Aptowitzer LLP Accounting Systems and Controls, Business and Legal Issues, Corporate Administration, Finance and Accounting, Financial Compliance / Planning / Management, Records Management and Retention
One of the most common questions asked by the lay taxpayer is for how long they need to keep their tax records. And while there is a legislated answer for this, one wonders whether it is ever safe to destroy records.
digital records, record keeping, record keeping requirements, record retention, records
February 17, 2017 Occasional Contributors Business and Legal Issues, Corporate Administration, Corporate Governance, Finance and Accounting, IT, Privacy and Security, Leadership and Management, Records Management and Retention, Systems and Data Management
While the new record-keeping requirements are relatively straightforward for corporations with just a few “ownership interests” in real property, corporations with significant interests, such as those involved in property development, face a much more onerous task. It is therefore recommended that Ontario corporations begin preparing the register as soon as possible to gather the required information and to establish a common practice.
articles of dissolution, Business Corporations Act, corporate land, ownership interests, property development, real estate register requirement, real property, record keeping requirements, register ownership interests in land, section 140.1 of the OBCA, seize forfeited land
February 6, 2017 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Accounting Systems and Controls, Announcements and Administration, Board of Directors, Process and Responsibilities, Charities, Corporate Administration and Legal Matters, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Financial Management, Income Tax Planning / Tax Schedules / Remittances, Not for Profit, Records Management and Retention
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.
charitable registration, charitable sector, charitable status, charities, Charities Directorate, CRA, non-profit, not–for–profit, record keeping requirements, Report on the Charities Program, Revocation
February 17, 2016 Occasional Contributors Accounting Systems and Controls, Business and Legal Issues, Corporate Administration, E-Commerce, Finance and Accounting, Financial Compliance / Planning / Management, Records Management and Retention, Sales, Marketing and Operations
New laws to regulate consumer loans and lines of credit that meet the definition of a “high-cost credit product” will come into effect in Manitoba on September 1, 2016. After this date, a consumer lender who offers, arranges or provides a high-cost credit product in Manitoba will be subject to licensing, disclosure, record-keeping and other requirements that are similar, in some respects, to the requirements under payday lending laws. The new laws represent a significant departure from the harmonized cost of credit disclosure laws that apply in many other jurisdictions, including Manitoba, that would otherwise apply to these types of credit products.
borrowers, credit cards and margin loans, high-cost credit agreement, high-cost credit product, lenders, line of credit, loan agreements, loan of money, mobile devices, Online disclosures, online lenders, payday lending loans, pre-authorized debits, record keeping requirements
