RLB Blog

Many Not-For-Profit and Charitable organizations struggle with understanding the difference between the deferral and restricted fund methods of recognizing contributions. RLB’s Not-For-Profit team presented on this topic at their December 2020 Coffee Talk webinar presented by Colleen Gallagher and Michelle Steele.

Many companies rely on financial leverage such as loans, mortgages, and credit facilities to sustain and grow their businesses. Current economic conditions may place higher reliance on financing for the operational success and continuance of your company. Once you have acquired financing from a bank, a private lender, or another financial institution, it is essential to plan for what comes next. The following tips will help you get the most out of your financial leverage.

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:

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.

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:

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. 

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

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.  

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

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.