The Canada Revenue Agency (“CRA”) announced on September 20, 2012, that it has completed its Joint Action Plan as part of CRA’s Small and Rural Charities Initiative. This Initiative, which began in 2007, involved a government consultation with small and...
From time to time a charitable tax receipt needs to be replaced. The procedure for issuing replacement receipts depends on whether the first receipt was lost, spoiled or needs to be cancelled due to a return of the gift. Lost...
Charities are reminded that it is not permissible to issue receipts for donated services. This is based on the common law definition of gift. Charities can only receipt for donations that legally qualify as gifts. A gift is defined as...
This is second in a series of articles about how to deal with deficiencies in corporate records. In Part 1, we addressed the importance of conducting thorough searches of any available records and evidence of past corporate decisions and actions. ...