Taxation of Charitable Donations In-Kind

Taxation of Charitable Donations-In-Kind

While cash gifts are the most common form of charitable donation, it’s also possible to make a “donation in-kind,” which is the transferring of assets. When you make a donation in-kind, you are considered to have disposed of the donated property at its current fair market value. If the current value of the donated property […]

10 Tips for a Successful Not-For-Profit Audit

As accountants and trusted advisors for many not-for-profit organizations and charities, we share your goal of a successful audit. Here are our tips for a successful not-for-profit audit: Review all lease agreements and leasehold improvements. Make sure all leases are readily available for the auditors, especially any new leases signed during the year. Any tenant […]

Economic Relief Measures for Business and Charities

*Editor’s note: article last updated on March 30th, 2020 Please see below for the latest information on: DEFERRAL OF GST/HST REMITTANCE – New! DEFERRAL OF CUSTOMS DUTY PAYMENTS – New! CANADA EMERGENCY BUSINESS ACCOUNT – New! LOAN GUARANTEE FOR SMALL AND MEDIUM ENTERPRISES – New! CO-LENDING PROGRAM FOR SMALL AND MEDIUM ENTERPRISES – New! DEFERRAL OF ADMINISTRATIVE INCOME TAX […]

Revenue Diversification

Revenue Diversification By Non-Profit Organizations

This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission ofbeing the best partner in your success by keeping you aware of the latest business news.  The Canadian Income Tax Act defines a non-profit organization as “a club, society or […]

Community oriented Vancouver Accounting Jobs

Are You Ready For BC’s New Societies Act?

The new Societies Act became effective November 28, 2016. Not-for-profit organizations (NFPOs) formed under the old Society Act were given two years to transition to the new Societies Act. Effected BC NFPOs must transition to the new Societies Act and to a new online filing system called “Societies Online” by November 28, 2018.

Charitable Donations: Giving and Tax Savings

The season of giving has arrived!  You may be thinking of making some final charitable donations for 2017.  Many are inspired to give back to the community by donating to charitable organizations.  As you embrace the giving spirit by making donations, keep in mind the tax benefits available to you. Eligible Donations Donations are eligible […]