Non-profits and charities governed under the Canada Not-for-Profit Corporations Act – Are you up-to-date on your Annual Returns?
Non-profits and charities subject to the Canada Not-for-Profit Corporation Act (the “CNCA”) must stay up-to-date with their Annual Returns. All corporations that are active (i.e. not dissolved, discontinued, or amalgamated with another corporation) must file an Annual Return with Corporations […]
CRA releases final guidance on qualifying disbursements: an in-depth look for Canadian registered charities
In a previous article, we wrote about the key highlights of the Canada Revenue Agency’s Guidance CG-032 Registered charities making grants to non-qualified donees, its final administrative guidance on qualifying disbursements in respect of grantees (non-qualified donees) (the “Guidance”). The Guidance […]
The new T3010 Annual Information Return is here: What charities need to know
On January 8, 2024 the Canada Revenue Agency (“CRA”) released its latest version—the 24th version—of Form T3010 (Registered Charity Information Return). Registered charities do not pay federal income tax but they must all complete Form T3010 annually and submit it […]
2023 Federal Budget: Highlights for the Charitable and NPO Sector
On March 28, 2023, the Honourable Chrystia Freeland tabled a new federal budget (the “2023 Budget”). The 2023 Budget sets out the Government of Canada’s spending priorities for the years ahead. These priorities include making life more affordable, investing in […]
