Social Impact Newsletter

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September 2011

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Gifts to U.S. Charities and the Availability of Charitable Tax Credits – An Unusual Situation

Rahul Sharma

The Canada Revenue Agency recently released a technical interpretation with respect to an interesting and somewhat unusual fact scenario. Both the circumstances and CRA’s comments reinforce the need to carefully plan testamentary gift giving and review the availability of tax...

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Extension of Charity Receipting Rules to Other Qualified Donees

Kate Lazier

Historically, registered charities have been subject to a stricter regulatory regime than other “qualified donees” in respect of donations.  The 2011 Federal Budget proposed changes to the Income Tax Act that will increase the regulation in respect of donations to...

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Recent Case Confirms Importance of Ensuring Adequate Insurance Coverage

David LeDrew

The recent decision of the Ontario Superior Court of Justice in Shaeen v. Meridian Insurance Group demonstrates the importance of ensuring that adequate insurance coverage is in place and the necessity of reporting material changes in circumstances to insurance brokers...

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CRA Releases Multiple Replacement Guidances

Amanda J. Stacey

CRA has recently issued several policy guidances which update and replace previous CRA policy statements on various topics.  Charities should ensure that they are familiar with the contents of these guidances, as they constitute the most current statements of CRA’s...

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CRA Releases Animal Welfare Guidance

Andrew Valentine

In the February issue of the Charities and Not-for-profit Newsletter, we reported on the release by CRA of a draft guidance on the promotion of animal welfare, and when this would be considered to be charitable at law.  On August...

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