PODCAST
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In the latest series, Charity Village Editor
Nicole Zummach interviews Drache LLP’s Adam Aptowitzer.
Recent Podcasts:
Podcast Edition #1– How to Maximize Charitable Donation Assets
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- What qualifies for donations
- How to assess donation valuation
- Penalty risks for inaccurate evaluations
- Implications for donors and reputation of charities
- What donors have to know
- Special tax treatment or particular items
- Maximizing assets to estate for donations
- Estate planning for charities
- Donation tax credits for estate planning
- Will considerations for charitable donations
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- CRA compliance issues
- Critical Details to avoid CRA issues
- Charitable tax receipt compliance
- Penalties relating to improper receipts
- Tax benefits of charitable donations
- Sharing tax benefits of charitable donations
- Corporate versus personal tax benefits
- Donating services to charities
- Donation tax credits for donated services
- GST concerns for charitable donations
- Challenging CRA compliance issues
- CRA opinions gray areas of valuations
- Additional Resources about Charity Tax Receipts: link to article database
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- Who’s responsible for determining fair market value
- How to determine fair market value
- Assessment process for fair market value
- Defending fair market valuations
- Low value assessment issues
- High value assessment issues
- CRA assessment concerns
- Appraisals and valuations
- Super sizing the value of donations
- Tax shelters for donation
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- The role that charities can play in the political process without risking their charitable registration
- Subordinate and Connected Activities
- Partisan Politics
- Penalties
- What’s Okay and What’s Not
See also our Charities and Politics Don't Mix PowerPoint Presentation
Podcast Edition #5 – Demystifying the T3010 (charity information return)Click to listen
- What’s the purpose
- When does it have to be filed
- Who gets to see it
- Dealing with sensitive information
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- Behind the numbers
- Rules for thumb for ensuring compliance
- Distributing revenue properly
- Dealing with generated income
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- Should you start a non-profit?
- Things every director must know
- The benefits of incorporation
- Federal vs. provincial incorporation
- Minimum board member requirements
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- The long and winding road
- The benefits of proper preparation
- Pre-application steps
- Avoiding common mistakes on your application
- What happens if your application is rejected
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- The extent of a director's liability
- What happens to a director who is found liable
- Protections for directors
- Steps your organization should take
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- Good news for charities
- Donation of publicly-listed securities
- Other implications of the budget
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- Education as a charitable object
- Definition of education for these purposes
- Which education-based outlets do not qualify
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- Relief of poverty as a charitable object
- What kind of institution qualifies for this designation
- The kinds of poverty relief that may not qualify
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- What is considered to be "beneficial to the community" for charity law?
- What does not fit into this category
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- Definition of "religion"
- Why is religion a chairtable object?
- Definition of "advancement"
- Cults
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- Promotion of soccer as a charitable object
- Promotion of fitness as a charitable object
- Is there a way to get your sports organization charitable status?
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- What is the ”Public Benefit Test”?
- The ”Public Benefit Test” for relief of poverty and religion
- Examples of socially useful benefits
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- Why do charities dissolve?
- What does a charity have to do when it dissolves?
- Can a charity still exist without registered charitable status?
- Revocation tax
- Applying for re-registration
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- May directors of a charity be compensated?
- Payment of indemnity insurance for directors
- The Public Trustees' Office
- Legal penalties for improper compensation
- Best ways to maintain transparency
- Compensation for a director's other professional services
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- What is a trust?
- What is a Charitable Remainder Trust (CRT)?
- How are CRTs used in tax planning?
- How to get tax credits now for shares donated after death
- Should charities advocate CRTs?
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- What are the benefits of planned giving?
- Life insurance as planned giving
- Advantages for life insurance as planned giving
- When are life insurance receipts received?
- What are the different types of life insurance policies?
- What charities must consider when accepting life insurance policies
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- What happens to charities that don't comply with CRA regulations?
- What are CRA's intermediate sanctions?
- What are some infractions that would warrant intermediate sanctions?
- Appeal process
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- Why is a legal audit important for a charity or non-profit organization?
- What a non-profit or charity needs to have in order
- What are some issues that are uncovered during a legal audit?
- What's the first step in preparing a legal audit?
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- What is a related business?
- Do you have to notify CRA when you open a related business?
- What should a charity consider before opening a related business?
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- How can an overseas charity qualify for a charitable receipt?
- What one needs to have prepared for CRA
- What other Canadian laws do you need to know when operating an overseas charity?
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- Can Canadian charities accept donations from U.S. donors?
- Can a Canadian foundation give a grant to an American organization?
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- What are flowthorough shares?
- Flowthrough shares and planned giving
- How charities benefit from flowthough shares
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- Can someone donate works of art?
- Can an artist receive a tax receipt?
- Lending art to a charity
- Appraising art for tax receipt purposes
- Canadian art
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- Is it a good idea to donate your RRSPs to charity?
- Tax consequences
- Complications a charity may face accepting RRSPs
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- What is a private security?
- Benefits of donating securities instead of cash
- Tax pitfalls and private securities
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- When is it a good idea to have a lawyer on a board of directors?
- What an organization can expect from having a lawyer on its board?
- Conflicts on interest that may arise
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- What are model objects?
- Pros and cons of CRA's new policy
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- Death of a Canadian taxpayer
- Hobbyists and taxes on their collections
- What steps should a bequested charity take?
- Turning down a charitable bequest
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- Tax credits vs. tax deducations
- Corporate donations as a business expense
- Corporate sponosrships and chairtable contributions
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- When would a charity communicate with the CRA directorate?
- Best ways to contact the Directorate
- The ombudsperson
- Common mistakes when dealing with the Directorate
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- What is a compliance agreement?
- When will the CRA issue a compliance agreement?
- What happens when a charity violates a compliance agreement?
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- Who is considered a third party?
- When might a charity provide third-party information to the CRA?
- What happens if a charity has a privacy policy for its clients?
- Is a charity liable for the accuracy of information provided by a third party?
- What should charities know about their third-party obligations?
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- What are dispersement quotas?
- Charities that do not meet their quotas
- Long-term projects
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- How do you calculate DQ?
- Do you need an accountant?
- How can foundations amass large endowments?
- What is "enduring property"?
