Canada’s Modern Slavery Act applies to some social purpose organizations: What you need to know
The Fighting Against Forced Labour and Child Labour in Supply Chains Act (commonly referred to as Canada’s Modern Slavery Act) came into force on January 1, 2024. The purpose of the Act is to reduce the use of forced labour […]
Social purpose real estate projects
Social purpose real estate projects: The goals Social purpose real estate development is an endeavor that seeks to address challenging and pressing issues such as affordability of suitable housing and access to rental space in communities across Canada. The goals […]
Alberta’s revised Trustee Act: Implications for charities and non-profits
Alberta’s Trustee Act was recently overhauled and revised. Bill 12, which revised the original act, received Royal Assent on April 29, 2022 and came into force on February 1, 2023 (the “Act” or the “New Act”). The Act attempts to […]
CRA releases draft guidance on new qualifying disbursements rules, invites feedback
The CRA’s Charities Directorate has issued its long-awaited draft guidance on “Registered charities making grants to non-qualified donees“. The Income Tax Act was amended on June 23, 2022 to include new rules on “qualifying disbursements” (Read our previous article on […]
New year, new disbursement quota
Update: Since the initial release of this article, Bill C-32 received Royal Assent on December 15, 2022. Since Federal Budget 2022 was released back in April, the charitable sector has been awaiting confirmation that the proposed increase to the disbursement […]
Official guidance on charitable donations of life insurance in Alberta
On May 27, 2022, Alberta’s Superintendent of Insurance (“ASI”) published an Interpretation Bulletin on Charitable Donations of Life Insurance (PDF) (the “ASI Bulletin”). The purpose of the ASI Bulletin is to outline how a life insurance policy can be donated […]
Update on Bill S-216: The Effective and Accountable Charities Act
A year ago, Senator Ratna Omidvar tabled a bill (originally Bill S-222) proposing changes to the Income Tax Act (Canada). The changes would allow charities to collaborate with other organizations more efficiently, furthering the potential to create positive impact in […]
More provincial oversight: Recommendations from the Allan Inquiry regarding non-profits and charities
On October 21, 2021, over two years after Steve Allan (“Allan” or the “Commissioner“), a Calgary-based forensic and restructuring accountant, was appointed as commissioner of the public inquiry into anti-Alberta energy campaigns, the commission’s 657-page Report was released. Mandate of […]
Not-for-Profit legislative update from Alberta
Over the past year, there have been a number of significant legislative changes affecting the not-for-profit sector in Alberta. Some key updates to be aware of include: Amendments to all incorporating legislation allowing organizations to hold virtual meetings; Amendments to […]
