RLB Blog

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).

For nearly two decades, KidsAbility has provided life-changing therapy and support services to children and youth with special needs in Guelph. With referrals to our programs increasing year after year, we realized that we didn’t have enough space in our existing facilities to meet the demand from local families. As a result, we decided to create a new Guelph Hub to provide all of our services under one roof.

With 2018 here, many people may have made it their new year’s resolution to donate to charities and not-for-profit organizations (NPO) for the very first time. How exciting – people want to choose your cause to donate towards! This means the donor recognizes your organization to be effective in trying to achieve its mission, and has been given the feeling that he/she is part of an important cause. Although this is all very exciting, it is important to make lasting impressions with first-time donors so that they will want to give back again.

While some of us are better at sharing than others, the sharing economy seems to be here to stay.  The sharing economy is simple: assets or services are shared by private parties or individuals often using the internet. The best known examples of this in action are Uber and Airbnb.

In the spirit of giving, who better recognizes the value of donations than registered charities and not-for-profit organizations (NPOs) themselves? Often, NPOs and registered charities help other registered charities reach their objectives. For instance, a local pet shelter may donate to Vets Without Borders because they recognize the importance of the work they do.

As we approach a new year, charities and not-for-profit organizations (NPOs) are looking to make a splash with the surge in giving. On average, 35% to 42% of online donations happen in November and December, and organizations understand the importance of a successful campaign. Here are some tips to help you hit the mark with your fundraising this season.

Do you know if your organization is maintaining good organizational governance? Good organizational governance is imperative to an organization for passing the will and interest of your stakeholders. As a director, you can ask yourself these questions to evaluate your management:

Right now there is a lot of talk about the changes coming to the Workplace Safety and Insurance Board (WSIB). Many construction businesses are unaware of the WSIB rules that could impact them today.

This is the first installment in a series to highlight Canadian Business Grants that can help move your business forward. Each month, we will highlight 5 grants that are available. Check back monthly to see if funding is available!