Social Impact Newsletter

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February 11, 2014

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Response to Report by House of Commons Standing Committee on Finance

The Report by the House of Commons Standing Committee on Finance, which was released in February 2013 reviewed a range of options to encourage charitable giving in Canada and made recommendations related to reducing administrative burdens and improving public awareness....

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Budget Announces Commitment to Explore Social Finance

The Minister of Employment and Social Development established a new Ministerial Advisory Council on Social Innovation in December 2013. The purpose of the Advisory Council is to work with leaders in the not-for-profit and private sectors to explore the potential...

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Investing in Arts, Culture and Sports

The Government committed to continued investment in Arts, Culture and Sports in the Budget. More particularly, the Government committed to renew Arts funding beginning in 2015/2016 which funding shall include $25 million for the Canada Council for the Arts, $30.1...

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Funding for Research

The Budget provides a number of funding envelopes for science and technology research. For example, colleges and polytechnics are given $10 million over two years to support the research needs of local “organizations”. While we have no detail on this...

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Introduction

The 2014 Budget introduces a wide array of changes that will impact the Charitable and Not-for-Profit Sector. These changes fall into several categories. Some are new measures to encourage donations and increase flexibility for donors in planning their charitable giving,...

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Budget Introduces Electronic Filing for Charity Returns and Applications

As one of the measures designed to ease the administrative burden on registered charities, the Budget proposes to provide additional funding to the Canada Revenue Agency (CRA) to enable it to modernize its information technology. This modernization will enable organizations...

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CRA Charities Directorate Website to be Enhanced

The Government also announced that the CRA will receive funding to enhance its website (which is already quite informative) and to provide more extensive information to the public on charitable giving trends and characteristics in Canada. It is hoped that...

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New Revocation Offence – Accepting Donations from State Supporters of Terrorism

The Budget introduces a new revocation offence that is intended to curb abuse by foreign state sponsors of terrorism. The Budget proposes that any registered charity or registered Canadian amateur athletic association (RCAAA) that accepts a donation from a foreign...

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Consultation on Non-Profit Organizations

Over the past three years, CRA conducted an NPO Risk Identification Project. This project involved audits of a broad range of non-profit organizations (NPOs) to determine their compliance with the existing tax requirements. It was expected that a report on...

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Tax Shelter Exemption for Donations of Cultural Property Removed

The Budget introduces a change that is designed to curb the misuse of the regime for donations of cultural property through abusive tax shelters. Under the Tax Act, special deeming provisions apply to gifted property that was acquired by the...

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Displaying 1-10 of 13