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CRA revises position on the retention of church envelopes

October 24, 2016 Occasional Contributors Charities, Corporate Administration and Legal Matters, Finance and Accounting, Financial Compliance / Planning / Management, Financial Management, Income Tax Planning / Tax Schedules / Remittances, Not for Profit, Records Management and Retention

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 […]

charitable registration, charities, charity record keeping requirements, church offering envelopes, church offerings, donations, governing documents, Income Tax Act, Registered charities, Registered Charity Information Returns, source documents, T3010