RLB Blog

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.

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.

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?

Effective March 31, 2019, all charities must update their tax receipts to include CRA’s new website address. Previously, tax receipts were required to show ‘Canada Revenue Agency  www.cra.gc.ca/charities’. After March 31, 2019, all charity tax receipts must now show:

The holidays can be such a wonderful and magical time of the year and it’s a great way to show our love and appreciation for our community. Each year, the team at RLB makes a donation to an organization within the four communities of which we work in. In the past, we have supported toy drives, food banks, and food hampers. This year we are supporting an education program.

On June 12, 2018, Quebec Bill 150 received Royal Assent. The Bill includes changes relating to the application of the Quebec Sales Tax (QST) to supplies made by suppliers with no significant presence in Quebec through the implementation of a new “specified registration system.”