RLB Blog

For 80 years, the Canadian Cancer Society has been Canada’s voice and leading authority on the disease.  We’re the only organization that fights all types of cancer, supports and advocates for patients and their families, and champions those who care about a future where no Canadian fears cancer.

It’s time to update your donation tax receipt! Why? The Canada Revenue Agency (CRA) has changed their website address from www.cra-arc.gc.ca to www.canada.ca. The new URL, canada.ca/charities-giving, will need to be included on donation receipts for not-for-profit organizations (NPOs) and charities. Although the old website does redirect to the new one, it is highly advised for NPOs to update their official donation receipts to reflect the new URL. Please update your official donation receipts to have the correct website address. The deadline to make this change is March 31st, 2019. If you have already printed receipts with the old URL, it is okay to still use them as long as they are updated by the deadline.

Hospice Wellington is recognized by our communities for its leadership in meeting the Hospice Palliative care needs in Guelph and Wellington County.

[caption id="attachment_8329" align="alignright" width="300"] HOPE House Food Market[/caption]

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?

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).