Impact Social
( Disponible en anglais seulement )
CRA Confirms Strict Interpretation of NPO Tax Exemption
On June 25, 2010, CRA released a follow-up technical interpretation to an interpretation released in December of 2009 addressing whether a condominium corporation could qualify as a non-profit organization when using surplus income to reduce members’ fees or to fund...
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Canadian Government to Match Donations by Individuals to Pakistan
The recent devastating flooding in Pakistan has left millions in need of emergency assistance. In addition to the physical toll left by the worst flooding the country has witnessed in the last 80 years, there is a real urgency of...
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New Charity Specific Graduate Degree
Osgoode Hall Law School at York University has launched a new part time Master of Laws (LL.M.) degree specializing in Charities and Not-for-Profit Law. This degree, which we believe to be the first law degree of its kind anywhere in...
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The Long Arm of the CRA: New Policy for Acquiring Taxpayer Information
Recently the Canada Revenue Agency released its long awaited policy “Acquiring Information from Taxpayers, Registrants and Third Parties”. This policy serves to enunciate the CRA’s views on its right to acquire taxpayer information and documentation under the various acts it...
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Clergy Residence Deduction Denied
The CRA was recently asked to comment on whether an Executive Director of a charity was entitled to claim the clergy residence deduction made available in the Income Tax Act. In order to be eligible to claim the clergy residence...
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Ignorance of Receipting Rules Is No Excuse
A recent Federal Court decision serves as a reminder that ignorance of the law is no excuse and that receipting fraud can have consequences to the all of the individuals involved. In this case, the Canada Revenue Agency denied a...
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Rotation of Directors: Ounce of Prevention, Pound of Cure
Many organizations find it useful to provide for a rotational board, that is, a board on which a specified fraction of the directors is elected at each Annual Meeting, for a term of multiple years. For example, half are elected...
