Social Impact Newsletter

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May 2014

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Anti-Spam Law to Come Into Force in One Month

Andrew Valentine

Charities and non-profit organizations should be aware that key portions of Canada’s anti-spam legislation, commonly referred to as “CASL”, will come into force beginning July 1, 2014.  This includes the “anti-spam” provisions in the Act that deal with commercial electronic...


Charities and NPOs exempt from FATCA

Natasha Smith, Donald Carr

In March 2010, the United States enacted the Foreign Account Tax Compliance Act (FATCA), which requires non-U.S. financial institutions to report to the United States Internal Revenue Service (IRS) on the details of “U.S. Reportable Accounts” held by U.S. taxpayers. ...


Tax Court of Canada Considers Treatment of Inflated Receipts

Natasha Smith

A recent decision of the Tax Court of Canada addressed the treatment of donors claiming receipts that were inflated in excess of the actual donation.  Among other things, the Court made some interesting comments on the meaning of “gift” and...


Alberta Societies Act Amended to Permit Continuance by Non-Profit Corporations

Gail P. Black, Andrew Valentine

The Legislative Assembly of Alberta recently passed Bill 12, the Statutes Amendment Act, 2014, into law on May 14, 2014.  Among other things, Bill 12 amends the Societies Act to permit non-profit corporations incorporated under corporate statutes outside Alberta to...


Leave to Appeal Denied by Supreme Court of Canada in Neville v. National Foundation for Christian Leadership

Robert B. Hayhoe

The Supreme Court of Canada has denied leave to appeal from the decision of the British Columbia Court of Appeal in Neville v. National Foundation for Christian Leadership. The background to the case involves a prior decision of the Tax...


Social Impact Bond Launched in Saskatchewan

Susan M. Manwaring

We often write in our Newsletter about the latest developments in connection with social enterprise, social finance and social impact bonds in Canada.  Charities and non-profits are regularly looking to these topics and vehicles wanting to understand how and if...


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