Sales and Property Tax Exemptions for Charities

Although the Income Tax Act makes concessions to registered charities there is a surprising lack of specific sales- and property-tax exemptions for charities. This paper will attempt to outline some of the exemptions from federal sales tax, Ontario retail sales tax, and municipal taxes which are available to charities and will also comment on some…

Revenue Canada Offers Guidance to Charities

1. What is a realistic length of time that should be allowed to obtain the registration of a charity after the initial filing? The time required for registration varies with: a) completeness of application (i.e., governing documents, full details of activities, financial statement or budget, name, address and occupation of executive or directing officers, answers…

Recent Tax Developments

Two recent cases concerning charities are Rumack v. MNR. 84 DTC I339 and Trustees of British Museum v. H M. Attorney General I984 I W. L.R. 4I8. Rumack v. M.N.R. In Rumack v. M. N R., the taxpayer had won $I ,000 a month for life in the Cash for Life lottery sponsored by the Ontario Association…

From the Editor

The transition from semi-annual to quarterly publication permits The Philanthropist to take a closer look at topics which we believe will be of interest and value to our expanded readership. For example, this issue includes an article by Lawrence Bryan outlining “Strategic Planning for Non-Profit Organizations”, Mel Moyer’s demonstration of”How Voluntary Sector Managers Might Use…

Bookshelf

DeRrett’s Illustrated Guide to the Canadian Establishment, Peter C. Newman, General Editor, Published in Canada by Methuen Publications, Agincourt, Ontario, 1983, 408 pp., $45. REVIEWED BY GORDON L. GOLDIE Fund-Raising Consultant, Gordon L. Goldie Company Limited Peter Newman’s latest volume in his saga of the people who populate the stratosphere of Canadian society is a handsome addition to…

Viewpoint: Freedom of Speech and Charitable Organizations

  Viewpoint expresses the particular views of contributors and does not necessarily reflect the views of the organizations with which they are associated or of The Philanthropist. Readers are invited to respond to articles in this section. If appropriate, their views will be published.  This Viewpoint was developed from Mr. Swaigen’s presentation to a conference…

Viewpoint: Building Capacity in the Voluntary Section

Viewpoint expresses the particular view of contributors and does not necessarily reflect the views ofThe Philanthropist Readers are invited to respond to articles in this section. If appropriate, their views will be published. At a time when most consumers of financial services are becoming more sophisticated, most voluntary organizations remain woefully uninformed and inefficient in…

Keeping a Charity Functioning: Some Accounting Guidance for Non- Profit Organizations

Introduction This article is based on a presentation to the Canadian Bar Association-Ontario Branch on September 27, 1983. It reviews briefly: • mandatory filing requirements • risks associated with charities • internal controls to minimize the risk of misused funds • budgeting and administrative procedures. Through this review some of the major factors that directors,…

Financial Reporting for Non-Profit Organizations: An Update

CICA Research Study The Canadian Institute of Chartered Accountants’ research study Financial Reporting for Non-Profit Organizations was published in 1980 and discussed in The Philanthropist Vol. 3, Summer 1981 (Accounting for Non-Profit Organi­zations-as it is now and may be in the future-The Director’s Concerns). While the research study has been positively received and widely accepted,…