Topics: News, What's New from the Charities Directorate of CRA, Canadian Charity Law, Ethics and Canadian Charities, Avoiding 'Charity' Scams
The Canadian Government has reminded Canadians to be careful when donating to charities, especially when the donation is part of a scheme offering more tax incentives than the cash contributions. If you are interested in more details on how to find good charities and avoid charity scams check out http://www.smartgiving.ca
Here is the press release:
“Donate wisely: Take time to learn about a charity before you donate Did you know?
The Canada Revenue Agency (CRA) regulates more than 85,000 registered charities in Canada, and has online tools to help you learn more about them before you make your donation!
•Check to see if your charity is registered with the CRA. Go to http://www.cra.gc.ca/charitylists or call us at 1-800-267-2384.
•Beware of charitable donation schemes that promise you tax savings greater than your initial donation amount. Remember the motto that if it sounds too good to be true – it probably is.
•Some fraudulent charities take names that are very similar to other well-known legitimate charities in order to get your donations.
•Do not make a donation if you feel inappropriate pressure to give immediately, if you are offered a receipt for more than you actually donate, or if there are other signs of fraud.
•Report fraud to the Canadian Anti-Fraud Centre by calling 1-888-495-8501.
•Only registered charities and other qualified donees can issue receipts that can be used for income tax purposes. Be aware of possible donation schemes, including those that promise you returns greater than your initial donation amount. For more information, please see The Canada Revenue Agency: protecting Canadians from gifting tax shelter schemes. http://www.cra-arc.gc.ca/nwsrm/rlss/2012/m10/nr121030-eng.html
Go to http://www.cra.gc.ca/donors, call 1?800?267?2384, or watch the Giving to Registered Charities 101 videos on the CRA YouTube channel.”
Do you require legal advice with respect to Canadian or Ontario non-profits or charities?
Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.