Social Impact Newsletter (Formerly the Charities and Not-for-Profit Newsletter)

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March 2013

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Information Regarding Unnamed Persons

The Tax Act now provides that when the CRA wants information held by one person (e.g. a charity) for the purpose of verifying the tax compliance of unnamed persons (e.g. that charity’s donors), the CRA must first get a court...

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Whistle Blower Payments

The Budget provides for whistle blower payments when a person discloses information to the CRA that results in collected reassessments in excess of $100,000 where the reassessments relate to non-Canadian property or transactions. The reward payment is to be 15%...

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Federal Government Introduces First-Time Donor Super Credit

The Federal Government has introduced a new temporary tax incentive to encourage young Canadians to make charitable donations. First-time donors who make charitable gifts prior to 2018 will receive an additional 25% tax credit, over and above the tax credit...

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Comments on Report of the Standing Committee on Finance

The Budget documents comment more broadly on the Report of the Standing Committee on Finance. The Committee had been tasked with reviewing charitable donation incentives and making recommendations in this regard. As noted above, the Committee released its report on...

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Support for Social Finance

As mentioned in the context of the above Report to the Standing Committee, the Budget also comments on the ongoing initiative to facilitate the development of new ideas for social finance in Canada. The potential for social finance to strengthen...

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Budget Expands CRA’s Collection and Enforcement Powers Related to Charitable Donation Tax Shelters

The Budget introduces two measures that will significantly increase the power of the CRA to reassess and collect taxes from donors who have participated in charitable donation tax shelters. Together with measures introduced in previous Budgets, which imposed increased penalties...

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Federal Government to Amalgamate CIDA with DFAIT

The Budget states that, as part of a broader effort to promote integration and efficiency within its international engagement and development efforts, the Canadian International Development Agency (“CIDA”) will amalgamate with the Department of Foreign Affairs and International Trade (“DFAIT”)....

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Budget Clarifies GST/HST Rules on Supplies of Paid Parking by Public Service Bodies and Charities

The Budget clarifies the GST/HST rules that apply to public service bodies (“PSBs”) that provide paid parking services. For the purposes of the GST/HST, a PSB is a municipality, university, public college, school authority, hospital authority, charity, non-profit organization or...

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Additional Measures

The Budget sets out areas of support that the Federal Government intends to extend to specific sectors. Charities and non-profit organizations engaged in these sectors or activities should take note of these measures, as government funding opportunities may be available....

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