This episode provides an extensive overview of the legal and practical considerations for Canadian charities accepting cryptocurrency donations.
It confirms that charities can accept crypto, but must treat it as a gift-in-kind for tax purposes, requiring immediate conversion to Canadian dollars to issue official tax receipts and determine fair market value.
The discussion explores the benefits of attracting a new, younger donor base and reducing transaction fees, while also warning about significant challenges such as the volatility of crypto, the technical complexity involved, and the enhanced audit risk posed by the Canada Revenue Agency (CRA).
Ultimately, the episode recommends that small charities should cautiously weigh the compliance costs against the benefits, often suggesting they avoid accepting crypto unless dealing with very large donations, while medium to large organizations might consider it with the proper legal and technical infrastructure.
The discussion also offers historical context on past Canadian recessions and highlights "silver linings," such as the stability of a foundation and donor-advised funds.
Support for Your Canadian Charity or Not-for-Profit
Running a successful charity requires passion for your mission and a rock-solid foundation. This episode is made possible by the professional teams who help organizations like yours thrive.
Legal Guidance for Canadian Charities: Navigating the legal landscape for charities and not-for-profits can be complex. Whether you're just starting or need to shore up your governance, you need a Charity Lawyer on your side.
B.I.G. Charity Law Group Professional Corporation A dedicated law firm exclusively serving charities and not-for-profits in Toronto, Ontario, and across Canada. Serving:
Bookkeeping & Tax Services for Ontario Charities: Keeping your charity's finances and tax filings in perfect order is essential for transparency and success. For specialized Charity financial management, we recommend:
A Special Mention: A huge thank you to our friends at OrgHub.ca, an innovative software platform that provides not-for-profits and charities across Canada with a streamlined, modern foundation for incorporation and corporate governance.
The podcast provides a comprehensive guide for Canadian Charities on preparing for and navigating economic recessions, emphasizing proactive strategies to ensure resilience and compliance.
It explains that downturns create a "double challenge" for charities, marked by decreased donations and increased demand for services, and outlines five key strategies for survival. These strategies focus on establishing financial visibility and benchmarks, strengthening donor relationships through retention and stewardship, optimizing fundraising efforts rather than cutting them, reviewing operational efficiencies and contingency planning, and maintaining strict legal compliance with the Canada Revenue Agency (CRA).
The discussion also offers historical context on past Canadian recessions and highlights "silver linings," such as the stability of foundation and donor-advised funds.
Support for Your Canadian Charity or Not-for-Profit
Running a successful charity requires passion for your mission and a rock-solid foundation. This episode is made possible by the professional teams who help organizations like yours thrive.
Legal Guidance for Canadian Charities: Navigating the legal landscape for charities and not-for-profits can be complex. Whether you're just starting or need to shore up your governance, you need a Charity Lawyer on your side.
B.I.G. Charity Law Group Professional Corporation A dedicated law firm exclusively serving charities and not-for-profits in Toronto, Ontario, and across Canada. Serving:
Bookkeeping & Tax Services for Ontario Charities: Keeping your charity's finances and tax filings in perfect order is essential for transparency and success. For specialized Charity financial management, we recommend:
A Special Mention: A huge thank you to our friends at OrgHub.ca, an innovative software platform that provides not-for-profits and charities across Canada with a streamlined, modern foundation for incorporation and corporate governance.
This episode provides an essential overview of Canadian charity law, focusing on the critical importance of a charity's legal objects (or purposes) and the strict regulations surrounding the issuance of donation receipts.
It explains that a charity must legally operate within its defined objects, warning that acting ultra vires (beyond its powers) can lead to severe consequences, including the revocation of charitable status and personal liability for directors.
The discussion also details the process for properly drafting and amending charitable objects, emphasizing the need for specificity to satisfy the Canada Revenue Agency (CRA).
Finally, the episode outlines which common transactions do not qualify as gifts (such as donated services or pledges) and clarifies the split-receipting rules for fundraising events, which dictate when a donation receipt can be issued if the donor receives an advantage.
Support for Your Canadian Charity or Not-for-Profit
Running a successful charity requires passion for your mission and a rock-solid foundation. This episode is made possible by the professional teams who help organizations like yours thrive.
Legal Guidance for Canadian Charities: Navigating the legal landscape for charities and not-for-profits can be complex. Whether you're just starting or need to shore up your governance, you need a Charity Lawyer on your side.
B.I.G. Charity Law Group Professional Corporation A dedicated law firm exclusively serving charities and not-for-profits in Toronto, Ontario, and across Canada. Serving:
Bookkeeping & Tax Services for Ontario Charities: Keeping your charity's finances and tax filings in perfect order is essential for transparency and success. For specialized Charity financial management, we recommend:
A Special Mention: A huge thank you to our friends at OrgHub.ca, an innovative software platform that provides not-for-profits and charities across Canada with a streamlined, modern foundation for incorporation and corporate governance.
In this episode, we cover some common questions concerning Canadian charity law, offering guidance for both new and established organizations. It strongly warns against the dangerous misconception of "borrowing" another charity's registration number while awaiting approval, which carries severe legal consequences including potential revocation of charitable status. The discussion clarifies that new rules for political activities eliminate the previous resource percentage restriction, allowing charities more freedom for non-partisan public policy dialogue if aligned with their mission. Furthermore, it explains that director residency requirements are more flexible than commonly thought. Finally, the episode cautions that social activities must be limited and must serve a fundraising or incidental purpose to the charity's core mission.
Support for Your Canadian Charity or Not-for-Profit
Running a successful charity requires passion for your mission and a rock-solid foundation. This episode is made possible by the professional teams who help organizations like yours thrive.
Legal Guidance for Canadian Charities: Navigating the legal landscape for charities and not-for-profits can be complex. Whether you're just starting or need to shore up your governance, you need a Charity Lawyer on your side.
B.I.G. Charity Law Group Professional Corporation A dedicated law firm exclusively serving charities and not-for-profits in Toronto, Ontario, and across Canada. Serving:
Bookkeeping & Tax Services for Ontario Charities: Keeping your charity's finances and tax filings in perfect order is essential for transparency and success. For specialized Charity financial management, we recommend:
A Special Mention: A huge thank you to our friends at OrgHub.ca, an innovative software platform that provides not-for-profits and charities across Canada with a streamlined, modern foundation for incorporation and corporate governance.
This comprehensive guide from the B.I.G. Charity Law Group details the intricate processes of charity mergers and amalgamations in Canada, outlining when such strategic moves make sense, the legal distinctions between them, and the critical due diligence required.
It further explains the Canada Revenue Agency (CRA) approval requirements, the necessary member and board approval processes, and complex considerations for asset and liability transfers.
Finally, the episode addresses post-merger integration challenges and emphasizes the crucial role of professional support across legal, financial, and organizational development domains for successful outcomes.
* * *
Support for Your Canadian Charity or Not-for-Profit
Running a successful charity requires passion for your mission and a rock-solid foundation. This episode is made possible by the professional teams who help organizations like yours thrive.
Legal Guidance for Canadian Charities: Navigating the legal landscape for charities and not-for-profits can be complex. Whether you're just starting or need to shore up your governance, you need a Charity Lawyer on your side.
B.I.G. Charity Law Group Professional Corporation A dedicated law firm exclusively serving charities and not-for-profits in Toronto, Ontario, and across Canada. Serving:
Bookkeeping & Tax Services for Ontario Charities: Keeping your charity's finances and tax filings in perfect order is essential for transparency and success. For specialized Charity financial management, we recommend:
A Special Mention: A huge thank you to our friends at OrgHub.ca, an innovative software platform that provides not-for-profits and charities across Canada with a streamlined, modern foundation for incorporation and corporate governance.
This comprehensive episode details the Canada Revenue Agency's (CRA) Charity Application Checklist, serving as a critical roadmap for organizations seeking registered charity status in Canada. It breaks down the four main pillars of the CRA's review process, covering initial documentation, governing documents, scrutiny of charitable objects and activities, and financial and governance oversight. The discussion emphasizes common pitfalls and red flags that can lead to application rejection, while also offering pro tips for successful registration, such as self-auditing and ensuring consistency across all submitted materials. Finally, it outlines what happens after the review, including approval, rejection, and crucial post-registration compliance obligations, all designed to maintain public trust and secure significant tax benefits for qualified organizations.
Support for Your Canadian Charity or Not-for-Profit
Running a successful charity requires passion for your mission and a rock-solid foundation. This episode is made possible by the professional teams who help organizations like yours thrive.
Legal Guidance for Canadian Charities: Navigating the legal landscape for charities and not-for-profits can be complex. Whether you're just starting or need to shore up your governance, you need a Charity Lawyer on your side.
B.I.G. Charity Law Group Professional Corporation A dedicated law firm exclusively serving charities and not-for-profits in Toronto, Ontario, and across Canada. Serving:
Bookkeeping & Tax Services for Ontario Charities: Keeping your charity's finances and tax filings in perfect order is essential for transparency and success. For specialized Charity financial management, we recommend:
A Special Mention: A huge thank you to our friends at OrgHub.ca, an innovative software platform that provides not-for-profits and charities across Canada with a streamlined, modern foundation for incorporation and corporate governance.
This episode explains the process for registering a hockey club as a charity in Canada. It outlines the specific criteria set by the Canada Revenue Agency (CRA), including having a charitable purpose, demonstrating public benefit, and operating as a non-profit. The article details the steps involved in the registration process—gathering documentation, completing the application, and awaiting approval—and emphasizes the importance of maintaining compliance after registration. Finally, it highlights the various advantages of charity status, such as tax benefits, access to funding, and enhanced credibility within the community.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
B&H Charity Accounts Corporation
https://www.charityaccountingfirm.ca/
The episode argues for the critical importance of specialized legal counsel for Canadian charities. It highlights the complex nature of charity law, which involves multiple regulatory frameworks and unique legal concepts not found in general corporate law.
The discussion emphasizes that specialized charity lawyers offer significant advantages in navigating CRA compliance, achieving higher success rates for registrations, and providing long-term support.
Ultimately, engaging a charity law specialist is presented as a cost-effective investment that prevents costly mistakes, manages risks, and enables an organization's mission and growth.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
B&H Charity Accounts Corporation
https://www.charityaccountingfirm.ca/
This episode explains the complexities of charity-to-charity donations in Canada, particularly focusing on "designated gifts".
It highlights that while simple donations between individuals are straightforward, financial transfers between registered charities, especially those that are "non-arm's length" (connected by shared governance or family ties), are subject to strict regulations.
The primary challenge for non-arm's length charities receiving funds is the requirement to spend non-designated gifts, with severe penalties for non-compliance.
To mitigate this, the discussion introduces designated gifts, which offer the recipient charity flexibility in spending.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario and across Canada with all their financial and tax filing needs, CRA compliance, and of course timely T3010 filings.
Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
The episode outlines the legal framework governing Canadian charities seeking to fund or conduct operations internationally.
It explains that the Income Tax Act (Canada) offers two primary pathways for global engagement: transferring funds to "qualified donees" or conducting the charity's "own activities" abroad.
The document details who qualifies as a "donee," including registered Canadian organizations, international bodies like the UN, and specific foreign entities.
Furthermore, it clarifies that conducting "own activities" internationally requires the Canadian charity to maintain ultimate control and oversight, often through structured arrangements like agency or contractor agreements with foreign partners.
The episode emphasizes the importance of due diligence and compliance with both Canadian and international laws to ensure effective and legally sound global impact.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario and across Canada with all their financial and tax filing needs, including of course timely T3010 filings.
Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
This episode warns against using Artificial Intelligence (AI) for Canadian charity registration applications due to frequent failures and significant delays.
It emphasizes that AI lacks a nuanced understanding of Canadian charity law requirements, struggles with complex evaluation criteria from the Canada Revenue Agency (CRA), and fails to grasp governance requirements.
The discussion highlights the absence of strategic positioning and ongoing support from AI, leading to costly appeal processes and founder burnout.
Ultimately, the hosts advocate for professional legal guidance as a crucial investment for successful and efficient charity registration in Canada.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario and across Canada with all their financial and tax filing needs, including of course timely T3010 filings.
Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
B&H Charity Accounts Corporation
https://www.charityaccountingfirm.ca/
This comprehensive episode, Stay On The CRA's Good Side, outlines the essential requirements for Canadian registered charities to maintain compliance with the Canada Revenue Agency (CRA).
It covers the CRA Charities Directorate's oversight role, detailing how they monitor compliance through various methods like T3010 screening and audits, and lists common triggers for reviews.
The episode emphasizes annual T3010 filing obligations, including deadlines, required schedules, and frequent errors to avoid, while also explaining the serious consequences of non-compliance.
Furthermore, it clarifies financial management requirements such as record-keeping, disbursement quota obligations, and acceptable expenditures, and details the strict rules for issuing donation receipts, including mandatory elements and common pitfalls.
Finally, the episode addresses rules around political activities, compliant business operations, working with non-qualified donees, and the necessity of notifying the CRA of organizational changes, concluding with advice on audit preparation and responding to compliance concerns.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
B&H Charity Accounts Corporation
https://www.charityaccountingfirm.ca/
This episode comprehensively outlines the severe repercussions for Canadian registered charities that fail to file their annual T3010 Registered Charity Information Return on time. It explains that this critical document serves as a public accountability mechanism, reporting an organization's activities, finances, and governance. The discussion details immediate consequences like penalties and damage to public standing, escalating to the terrifying threat of charity registration revocation, which can lead to the loss of tax benefits and forced asset transfer. Furthermore, it highlights the devastating financial and operational impacts of non-compliance, emphasizing reputational damage and the paralysis an organization faces. Ultimately, the episode stresses that prevention through robust compliance systems is paramount to avoid organizational catastrophe and preserve a charity's mission.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario and across Canada with all their financial and tax filing needs, including of course timely T3010 filings.
Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
B&H Charity Accounts Corporation
https://www.charityaccountingfirm.ca/
This episode offers a comprehensive guide on improving nonprofit and charity board meetings, transforming them from tedious obligations into productive and engaging sessions.
It emphasizes the importance of defining a clear purpose for each meeting and starting with emotional connection rather than immediate financial discussions.
Key strategies include mastering the consent agenda to streamline routine matters, facilitating interactive conversations over monologues, and assigning clear roles for efficient time management.
The discussion concludes by stressing the necessity of crystal-clear action items and ending with genuine gratitude to foster continued engagement and build a stronger organizational culture.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
B&H Charity Accounts Corporation
https://www.charityaccountingfirm.ca/
This episode helps Ontario nonprofits understand the key differences between incorporating under Ontario's Not-for-Profit Corporations Act (ONCA) and the federal Canada Not-for-profit Corporations Act (CNCA).
It clarifies that neither option is universally better and the best choice depends on the organization's specific needs and operational plans.
It highlights distinctions regarding director requirements, membership voting rights, financial standards, filing obligations, and public information disclosure.
The discussion also confirms that organizations must choose one structure, though switching is possible, and that ONCA-incorporated nonprofits can still operate and fundraise across Canada while adhering to local regulations.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
This episode offers a guide to effective fundraising strategies specifically tailored for new charities operating in Canada.
It provides practical advice on various approaches, including online campaigns, events, monthly giving programs, grant applications, social media engagement, and corporate partnerships.
The discussion also emphasizes the importance of clearly defining a charity's mission and vision and the value of donor recognition and appreciation.
Overall, this resource helps guide new charities to secure funding and build lasting relationships with supporters.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
The episode explains that registered charities in Canada must meet specific obligations to maintain their status, as failing to do so can lead to serious repercussions.
The Canada Revenue Agency (CRA) uses a graduated scale of enforcement, starting with education and potentially progressing to compliance agreements.
More severe non-compliance can result in sanctions, such as financial penalties or the suspension of the right to issue donation receipts.
The most extreme consequence is the revocation of charitable status, which leads to the loss of tax benefits, required asset dispersal, and significant damage to public perception.
The discussion emphasizes that proactive compliance through accurate filings, adherence to rules, proper record-keeping, and good governance is essential, and highlights the valuable role a charity lawyer plays in navigating these complexities and ensuring compliance.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
B&H Charity Accounts Firm
https://www.charityaccountingfirm.ca/
This episode outlines several key scenarios where fundraising activities by registered charities in Canada can be deemed unacceptable by the Canada Revenue Agency (CRA).
This includes situations where fundraising becomes a primary focus instead of supporting the charitable mission, results in excessive private benefits, or involves activities that are illegal or contrary to public policy.
Additionally, fundraising is considered unacceptable if it is deceptive in any way or if it utilizes an unrelated business not permitted for charities.
Engaging in these practices can jeopardize a charity's registered status.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
B&H Charity Accounts Firm
https://www.charityaccountingfirm.ca/
This episode explains the key differences between non-profit and charitable organizations in Canada, emphasizing that charitable organizations can issue tax receipts, unlike non-profits.
It highlights that incorporation is not required for either but is strongly recommended for legal and name protection benefits.
The discussion also outlines how a non-profit obtains charitable status by applying to the CRA and provides examples of each type of organization.
Furthermore, it details the general requirements for incorporating and the importance of a Nuans report in the process.
Finally, it notes that non-profit organizations are generally exempt from income tax.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
B&H Charity Accounts Firm
https://www.charityaccountingfirm.ca/
This episode outlines the process for Canadian registered charities to change their fiscal year-end, emphasizing that approval from the Charities Directorate is required.
It details two main methods for requesting this change: online via the My Business Account (MyBA) portal or by submitting a formal letter, specifying the necessary information for each.
The episode also explains the concept of a transition period created by the change, requiring a separate information return, and highlights the importance of acting promptly and ensuring the charity's governing documents are updated to reflect the new date.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
