We assist Canadian charities understand their legal and ethical obligations when operating charities in Canada or abroad and provide insights and information to non-Canadian charities interested in operating or fundraising in Canada.
The charitable sector in Canada has become highly competitive. There are over 86,000 Canadian registered charities. Donors, regulators, media, the public as well as other stakeholders, have increasingly high standards for charities and their operations. GlobalPhilanthropy.ca will assist non-profits and charities in Canada in trying to be transparent, legal, ethical and effective.
CRA recently released a letter which discusses whether an official receipt issued for property donated in kind can include an amount less than the fair market value of the property. CRA cited section 3501 of the Income Tax Act (Canada) Regulations to confirm that an offical official receipt should include the amount of the fair market value or the deemed fair market value of the property, in certain circumstances.
Here is our article "Total revenue received from all sources outside Canada by Canadian Registered Charities in 2014". It provides a list of Canadian charities that received foreign income in their 2014 fiscal year. Foreign income for Canadian charities has risen to $1.8 billion - making it an important and growing source of revenue for Canadian charities.
Blumbergs will be holding a half-day seminar on Tuesday June 21, 2016, Fundamentals of Employment Law for Charities and Non-Profits from 1PM-4PM. You can register here.
Blumbergs and the OCIC will be hosting a program on June 21, 2016 entitled "Recent Changes to the Regulation of Charitable Activities in China that will affect Chinese and Canadian charities". You can register here. It will feature Prof. Mark Sidel, Consultant for Asia at the International Center for Not-for-Profit Law (ICNL) and Doyle-Bascom Professor of Law and Public Affairs at the University of Wisconsin-Madison. Mark Sidel has worked on nonprofit and philanthropic regulatory developments in China for nearly thirty years, and has worked in China for more than four decades. He will outline these recent developments, discuss their implications, and answer questions.
Industry Canada has sent out notices to thousands of Canada Corporations Act (CCA) corporations warning them of their pending dissolution as they have failed to transition to the Canada Not-for-profit Corporations Act (“CNCA”). Industry Canada wants to wind down the CCA and in order to do so they need to remove all remaining corporations under the CCA. It appears that up to 2000 of such corporations may be registered charities. Industry Canada had generally held off sending the notices to registered charities but the transition deadline of October 2014 is now over 1.5 years old.
A Canadian private members bill, introduced by MP Ted Falk, would change the tax credit for donations to charities. It is called the Fairness in Charitable Gifts Act- Bill C-239. Malcolm Burrows recently wrote a very useful critique of this poorly thought through piece of legislation. Essentially the idea behind the proposal is to match the incentive for charitable donations to those offered for political donations. However, unlike political donations which have very low caps and therefore the tax benefits are very limited, there will be no limit on the tax benefits that donors to charities receive under this bill.