RLB Blog

About the author: Brenden Bellai
Brenden is a member of our specialized Not-for-Profit Team. He supports Non-profit organizations, and charities with controller and finance support, CFO support, budgets, forecasts, projections, and planning. “I like coming up with plans with clients that are executed well and result in positive outcomes for the client.” Auditing is a portion of what Brenden works on, but he admits that his passion lies in learning what clients do and seeing those effects in the community at large. He thrives on having the opportunity to tell people “I know that program or company is one I work with and here is why they are awesome”.

Ask the Expert: Canadian Emergency Business Account (CEBA)

Ask the Expert: Canadian Emergency Business Account (CEBA)
September 14, 2020

The CEBA was created to assist small businesses, not for profits and charities through the current economic environment and to help them rebuild sooner. The CEBA was created to help pay for non-deferrable expenditures and restricts spending to things like payroll, rent, utilities, insurance, property tax, or regular debt payments. It cannot be used for certain capital transactions or increasing remuneration – it is best to think of the CEBA as an emergency response tool.

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What Your Organization Needs To Know About Record Keeping for The Canadian Emergency Wage Subsidy

What Your Organization Needs To Know About Record Keeping for The Canadian Emergency Wage Subsidy
August 1, 2020

The CRA may follow up on claims you have remitted, at its discretion. This is nothing to worry about; like with any government program, monitoring is always present. If your claims were made in good faith and you keep adequate books and records, you will be able to answer any inquiry they may have.

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To Audit or Not to Audit

To Audit or Not to Audit

The Difference Between Charity and Not-for-Profit Organization

The Difference Between Charity and Not-for-Profit Organization

CSRE 2400, The New Standard for Review Engagements

CSRE 2400, The New Standard for Review Engagements
January 22, 2018

Accounting standards for review engagements have been established and utilized for over 25 years. However, the current set of standards in use for review engagements is set to change for entities with financial statement dates ending December 14, 2017 or later. In order to better align Canadian financial statements with international standards, enabling better, more consistent reporting domestically and abroad, our governing bodies have taken steps to expand the review standards to fit better with International Standard on Review Engagements (ISRE). The result is the new Canadian Standard on Review Engagements (CSRE 2400).

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