On August 27, the Department of Finance released draft legislation which will implement the amendments to the disbursement quota proposed in the 2010 Budget in March. These amendments will eliminate the majority of the disbursement quota by removing the requirement...
As discussed in our May 2010 newsletter, Ontario recently introduced Bill 65, the Not-for-Profit Corporations Act, 2010 (the “New Act”), which when passed will replace the current Corporations Act (Ontario). Over the summer, the bill was referred to a Standing...
A number of charities in Canada operate “thrift stores”, loosely defined as not-for-profit stores selling low-cost clothing or other items with the aim of providing affordable shopping alternatives to those in need. Inventory is often composed of donated previously used...
It may surprise international organizations to learn that the Canadian International Development Agency (“CIDA”) does not limit its funding to Canadian organizations. International organizations engaged in development work worldwide may be eligible for CIDA funding for their work abroad. CIDA’s...
One of the most anticipated Commons Finance Committee hearings in many years – those dealing with Bill C-470 – has been put off to allow for more hearing time and presumably more witnesses. Bill C-470 is the private member’s bill...
Tax shelters have been around for a long time. The developers and marketers of these arrangements do extremely well. For years, CRA has been trying to shut down the more undesirable tax shelter arrangements. Who doesn’t know someone that has...