In late March, CRA released a number of new resources to assist charities in understanding CRA’s interpretation of the rules related to political activities by registered charities. CRA’s main official policy statement on political activities, CPS-022, was published in 2003....
Over the past several months, CRA has released two technical interpretations commenting on aspects of the tax exemption for non-profit organizations under paragraph 149(1)(l) of the Income Tax Act (Canada). In order to maintain status as a tax exempt NPO,...
The regulations allowing for the creation of a new category of share capital corporation in British Columbia, known as a “Community Contribution Company” (“C3” or “CCC” for short), were approved on February 27, 2013. This new structure will be available...
As we reported earlier this month, the Ontario government recently announced that the in force date for the Not-for-Profit Corporations Act, 2010 (the “ONCA”) will be no sooner than January 1, 2014. Previously, the government had target dates of January...