Five Good Ideas: Obtaining and Maintaining Charitable Status with Andrew Stirling

Registered charities are conferred a variety of benefits under the Income Tax Act (Canada); the most important of which permits them to issue charitable receipts in respect of eligible donations. While the economic benefits to a donor associated with such charitable receipts can encourage donations, the associated loss of tax revenue has led the fiscal authorities to create a myriad of laws and regulations limiting the scope of activities in which charities may engage. Organizations applying to become registered charities will be subject to scrutiny from the Canada Revenue Agency (CRA) and, in certain situations, the Public Guardian and Trustee of Ontario (PGT), on receipt of an application and will be subject to continuing oversight from the CRA and PGT if their application is successful. Accordingly, directors and officers of charities and non-profit organizations considering an application to become a registered charity will need to be familiar with these rules.

This session conveyed tips and insights into the application process for new organizations and non-profits, while also offering suggestions to existing registered charities to comply with their ongoing regulatory obligations. Presenter Andrew Stirling is an Associate with McMillan LLP.

More ideas: http://maytree.com/training/fivegoodideas

Category:

Nonprofits & Activism

Tags:

• five good ideas
• maytree
• charity
• charities
• nonprofits
• non-profits
• leadership
• management
• NGO