Several court decisions have been released in the past few months which highlight issues of which charities and donors should be aware. Lockie v. The Queen In Lockie v. The Queen, the Tax Court of Canada considered the appropriate determination...
The Income Tax Act provides a tax deduction from the income of a member of the clergy from office or employment equal to the value of the individual’s housing if the individual meets a status and function test. The deduction...
Non-Profit Organizations and Loss of Status CRA released a technical interpretation on the consequences to an organization that no longer qualifies as a non-profit. First, there is no formal notification process required. The Income Tax Act deems the organization to...
On October 7, 2009, Canada Revenue Agency (“CRA”) issued a technical interpretation on: “Whether a gift by will may be claimed in a particular situation, where an individual died and the individual’s will instructed that the residue of the estate...
Ontario Revenue recently released Prepare for Ontario’s HST Tax Tip #5. In addition to discussing HST for public service bodies, the tip sheet included the following information for charities: The GST/HST framework provides a separate special net tax calculation for...
A recent decision of the Ontario Superior Court affirms that in matters concerning charities, the Courts will intervene to ensure that the public interest is protected. In Innovative Gifting Inc. v. House of the Good Shepherd et. al., a fundraiser...
The Ontario Government has now completed its rewrite of the Corporations Act (Ontario) (the “Old Act”) and introduced a Bill titled the Not-for-Profit Corporations Act, 2010 (the “New Act”) that is intended to govern non-share capital corporations that were originally...
In Ontario, the Public Sector Compensation Restraint to Protect Public Services Act, 2010, more commonly referred to as the ‘wage restraint legislation’, has now passed second reading in the legislature. The proposed Act applies to every employer that received at...