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).
You’ve done it. After years of hard work, saving and making smart investments, you can finally afford to purchase your first home. Now what? For many, the home buying process can be very overwhelming. From dealing with bankers, real estate agents, and lawyers, seeking out the necessary accounting advice is not usually top of
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! You first need to ask what it means to become a registered charity. As stated by the Canada Revenue Agency (CRA), a registered charity is “an organization
A fiscal year is the 12 month period that an organization uses to report its annual revenues. Many registered charities have a fiscal year-end of December 31st. However, a fiscal year-end does not have to align with the calendar year. There are many reasons why you may want to change your fiscal year-end, such
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
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. Let’s break down the types of
RLB wishes you a Happy New Year; it has been a delightful and rewarding experience working with many clients in our community this past year. Ugly Christmas Sweater Contest The RLB team was full of holiday spirit this year! We celebrated with food, friends and a friendly “Ugly Christmas Sweater Competition” at the firm.
RLB Award Recipients 2018 On January 5th, RLB celebrated the accomplishments of a handful of team members at the River Run Centre. Here is small insight of some of the great people we have at the firm and their accomplishments. 5 Years of Service Awards Elizabeth Tyler, CPA, CA, Manager Ankur Chawla, CPA, CA,
Did you know that RLB offers a wide range of services to not-for-profit and charitable organizations, beyond the assurance and accounting services that you would expect? We can offer such services as: Board training on governance, financial literacy and risk management Strategic planning Succession planning HR consulting (including such things as policy development, recruitment and
Guelph Humane Society Gala Congratulations to the Guelph Humane Society for completing 125 years of servicing the animals in our community, we appreciate all your hard work and dedication. To celebrate, RLB supported and attended their 125th Anniversary Gala earlier in November. The event was a great success and together, the Guelph Humane Society raised over