The CRA’s Charities Directorate recently added two new and useful features to its website. These include a list of “Other Qualified Donees” and a useful “donation credit calculator”. Other Qualified Donees A “qualified donee,” for the purposes of the Income Tax...
In the November issue of this Newsletter, we reported on the draft Guidance issued by the Charities Directorate concerning the registration of arts organizations. Arts organizations should be aware that, in addition to the option of applying for registration as...
Registered charities in Ontario should take note of a time-limited opportunity to obtain a rebate on property taxes paid in the previous year. Pursuant to provincial legislation, a registered charity that occupies property in Ontario classified in the commercial or...
As we have reported previously in this Newsletter, corporations that are currently incorporated federally under the Canada Corporations Act (CCA) must continue under the Canada Not-For-Profit Corporations Act (CNCA) by October 17, 2014. Non-share capital corporations not yet continued under...
In a technical interpretation released by the CRA on June 27, 2011, the CRA was asked to consider whether a pastor in charge of a children’s ministry qualified for the clergy residence deduction. Youth pastors often fail to qualify for...