RLB Blog

CRA is implementing new digital services that will be launched to the public in June of 2019, which will allow charities and their representatives to submit applications and returns more efficiently. The changes being made will affect forms T2050 (Application to Register a Charity under the Income Tax Act) and T3010 (Registered Charity Information Return).

As of November 2018, CRA will no longer provide peel and stick barcode labels with the Registered Charity Information Return (T3010) package. These barcodes contained the charity’s BN/registration number and the charity’s fiscal year end date. You will continue to receive the Registered Charity Basic Information Sheet (Form TF725) with the package, however, the barcode labels will no longer be on the back of it.

As a charity, you may prefer unrestricted donations, as you can determine how to best use those funds at your own discretion. However, you may come across a restricted fund donation when a donor wishes to restrict their gifts for a specific purpose, such as leaving a legacy gift.

Community and connection is what drives people to reach their dreams. Monetary and in kind contributions from individuals, families and businesses from in and around Guelph directly impact our ability to provide a safe space for those experiencing poverty. This incredibly important community support enables us to facilitate a vast variety of programs that promote healthy living, independence, and create a welcoming space so that members of our community may find in HOPE House a place to dream.

In order to ensure compliance with legal requirements, and to avoid exposure to legal liability, it is important that the board and senior management of charities and Not-for-Profit Organizations (NPOs) undertake regular legal check-ups to ensure proper due diligence. According to Carters Professional Corporation, the following 10 tips identify key issues that charities and NPOs should address for effective legal risk management.

Being transparent is important, regardless if you’re a for-profit or not-for-profit organization (NPO). Communicating your goals to your key stakeholders is essential to the organization’s success. Here are 4 tips summarized from Charity Village that will help you measure and improve communication to your stakeholders.

News of an audit can be stressful to any organization, even to those who are diligent in complying with the Income Tax Act. While some audits are the result of targeted reviews of particular activities, some are simply due to random selection. In any case, if your charity has received a letter for an audit, below are some steps to take to give you the best chance towards a positive outcome:

Many charities and not-for-profit organizations (NPO) face the choice of which legal structure to use, whether they are constituted as a trust, an unincorporated association, or a corporation. When hearing the word “corporation”, many people think of for-profit businesses, but did you know that corporations can also be in the form of non-share capital corporations (NSCC), which are used for not-for-profit organizations and registered charities?