IssueUnder the Income Tax Act (Act), where a transfer of property constitutes a gift for tax purposes, the recipient charity can issue a donation receipt to the donor in an amount equal to the fair market value of the property at...
The Legislative Assembly of Saskatchewan has recently introduced Bill 105, The Informal Public Appeals Act. The proposed legislation would provide guidance and rules around public appeals for donations to support a particular purpose, whether charitable or otherwise. An example of...
Bill C-458 has been withdrawn in Parliament. Bill C-458 was a private members’ Bill that had been proposed to amend the Income Tax Act to enable individuals to claim donation receipts in respect of gifts made in the year and...
On November 6, 2013, the Local Food Act, 2013 (Ontario) (“LFA”) received Royal Assent. The LFA is a statute enacted by the Legislative Assembly of Ontario to encourage local food economies in Ontario. Among other things, the LFA provides for a new...
In October of 2011, the Canada Not-for-Profit Corporations Act (CNCA) came into force. As a result, every charity or non-profit organization incorporated federally must file articles of continuance with Industry Canada before October 17, 2014 or risk being dissolved. As...
The Government of Canada has recently announced the establishment of the Typhoon Haiyan Relief Fund. The Government will contribute one dollar to this Fund for every eligible dollar donated by individual Canadians to Canadian registered charities that are receiving donations...