Social Impact Newsletter

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October 2014

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CRA Comments on Tax Treatment of Fundraising Event Organized by an Individual

Andrew Valentine

A technical interpretation published recently by the CRA addresses the tax treatment of fundraising events organized by individuals.  While many of the factual details of the event are redacted from the published document, the technical is nonetheless revealing of certain...

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What’s Happening at Miller Thomson

Stephen Cameron gave a presentation to the Cloverleaf Foundation on “The Duties of Directors of Charities and Not-For Profit Corporations” at the Cloverleaf Annual meeting held on October 18, 2014 in Maryhill, ON; Susan Manwaring spoke on “What’s New in...

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CNCA Deadline Has Passed – What to do Next?

The deadline for federal not-for-profit corporations to continue under the Canada Not-for-profit Corporations Act (the “CNCA”) was October 17, 2014.  “Continuance” is the process whereby all federal not-for-profit corporations are required to transition all of their corporate documents to comply...

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Court Rules in Case Involving Director’s Liability for Income Tax and Other Amounts

Nicole K. D’Aoust

The Income Tax Act (Canada) (the “Act”) provides that directors of a corporation, including a not-for-profit corporation, are liable for income tax, employer contributions, interest, penalties, and certain other amounts that the corporation may owe to the Canada Revenue Agency...

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CRA Continues to Watch Taxpayers Who Participate in Tax Shelters

Natasha Smith

The CRA recently revoked the charitable registration of the Skyway Foundation of Canada (“Skyway”), a charity based in Bolton, Ontario, for issuing receipts in 2008 totalling approximately $2.6 million for donations that did not legally qualify as charitable gifts.  The...

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