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Ask The Expert: Donation Receipting Policy

Ask The Expert: Donation Receipting Policy

Question: Our board would like to develop a donation receipting policy? Do you have any guidelines we should follow? The board will want to consider incorporating the following aspects when developing a donation receipting policy:

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Charity vs Not-for-Profit

Charity vs Not-for-Profit

Charity vs Not-for-profit organization Often the term “registered charity” is used interchangeably with “not-for-profit organizations (NPOs)”. While both terms fall under the larger description of the voluntary, not-for-profit or community benefit sector. However, while both organizations operate on a not-for-profit basis, they are defined differently under the Income Tax Act (ITA). If an organization meets the definition of a “charity,” it cannot be considered a not-for-profit organization under the ITA.

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What Are Registered Charities?

What Are Registered Charities?

Did you know there are over 86,000 registered charities in Canada? If you are not one of these registered charities, you may want to give it some consideration! Firstly, you need to ask what it means to become a registered charity. As stated by the Canada Revenue Agency (CRA), a registered charity must use its resources for charitable activities and have charitable purposes that fall in one or more of the following categories:

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4 Ways to Combat Video Call Fatigue

4 Ways to Combat Video Call Fatigue
May 7, 2021

The title of an article recently published on the Human Resource Director site called “Even Zoom CEO now has Zoom fatigue” covered how the man behind Zoom (just one of several video conferencing tools) hit his breaking point after 19 consecutive video meetings, people worldwide are experiencing the same feeling. It's been colloquially dubbed "Zoom Fatigue" but refers to all forms of video conferencing and refers to the exhaustion you feel from a long day of video calls. 

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I’ve Submitted my Tax Return on Time… Now What?

I’ve Submitted my Tax Return on Time… Now What?

Cheers to making the “April 30th deadline”! So… now what? Now it’s a “choose your own adventure” based on your situation. 

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RLB’s Approach to Mental Health & Wellness

RLB’s Approach to Mental Health & Wellness
May 4, 2021

At RLB, "People Count" is our way of life. We firmly believe that a happy and healthy team will provide the best service to our clients and communities. This is why we put such a strong emphasis on the well-being of our team members. In honour of Mental Health Week, we share the ways we have put our people and their mental health first.  

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RLB Wins ClearlyRated’s 2021 Best of Accounting Award for Service Excellence

RLB Wins ClearlyRated’s 2021 Best of Accounting Award for Service Excellence
April 22, 2021

RLB WINS CLEARLYRATED’S 2021 BEST OF ACCOUNTING AWARD FOR SERVICE EXCELLENCE 

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2021 Federal Budget – Digging Deeper for a Recovery Plan

2021 Federal Budget – Digging Deeper for a Recovery Plan

On Monday, April 19, 2021, Minister of Finance Chrystia Freeland released the 2021 Canadian federal budget. This is very likely the last budget before the next federal election. The minority Liberal government proposed measures encouraging support from other parties and included something for almost every potential voter.

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What Your Auditor Wishes You Knew

What Your Auditor Wishes You Knew

The 10 Things your Not-For-Profit Auditor wants you to know. Here are the 10 secrets our team has put together to help your Not-For-Profit.

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Beware of Fraud: Tips for Avoiding Scams

Beware of Fraud: Tips for Avoiding Scams
April 5, 2021

Ever had a threatening phone message supposedly left by the CRA? Read news stories about an unsuspecting senior bulk-purchasing iTunes gift cards to avoid more severe penalties? The truth is new ways to scam Canadians pop up daily. Robot voicemails and requests for gift cards are still happening in our communities – but there are many more scams running that you might not know. Beware of fraud! Do you know how to protect yourself and your loved ones from some of the less obvious scam attempts?

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