• Tips To Successfully Choosing a Charity Lawyer
    2024/12/25

    This episode offers an essential guide to selecting a charity lawyer, highlighting the importance of legal expertise for Canadian nonprofits and charities.

    It emphasizes finding a lawyer with experience in Canadian charity law, transparent and predictable fees, significant number of online 5 star reviews, and strong, timely communication.

    This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B.I.G. Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs.

    https://www.charitylawgroup.ca/
    P: 416-488-5888

    https://www.charityaccountingfirm.ca/
    P: 289-301-8883

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    22 分
  • Charity Status Revoked? Let Us Help You Reinstate
    2024/12/25

    This episode step-by-step instructions for reinstating a revoked charity license in Canada. It highlights the importance of understanding the reasons for revocation, rectifying non-compliance issues, and engaging with the Canada Revenue Agency (CRA).

    The discussion emphasizes the need for a comprehensive reinstatement application and the benefits of seeking professional legal assistance from organizations like B.I.G. Charity Law Group.

    The information provided is for educational purposes and does not constitute legal advice.

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    18 分
  • Key Responsibilities for Canadian Charity Board Directors
    2024/12/19

    This episode outlines the key responsibilities for Canadian charity board directors.

    These responsibilities include monitoring the executive director's performance, making organizational decisions, maintaining accurate records, filing returns with the Canada Revenue Agency, and approving financial statements.

    The outline also covers budget development, ensuring sufficient and well-trained board members, preparing an annual report, convening an annual general meeting, and regularly evaluating risks.

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    13 分
  • How to Register Your Mosque, Church or Temple as a Canadian Charity
    2024/12/19

    This episode explains how to register a temple, mosque, or church as a charity in Ontario and across Canada. It covers crucial steps like choosing a name and obtaining a NUANS report, establishing an address and board of directors, defining the organization's purpose and charitable activities, and understanding the incorporation timeframe and associated fees. The process of filing an initial notice and obtaining charitable tax status from the Canada Revenue Agency is also detailed. Finally, the episode emphasizes the importance of legal compliance and seeking professional assistance, particularly that of an experienced charity lawyer, when needed.

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    22 分
  • Make Sure Your T3010 Charity Tax Return is Filed Correctly
    2024/12/11

    This episode provides guidance on accurately filing a Canadian charity's T3010 tax return, emphasizing the importance of meeting deadlines, providing complete information, and accurately describing charitable activities.

    The guide highlights common mistakes to avoid, such as incorrectly reporting financial data or failing to file even during periods of inactivity.

    This episode is sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm serving charity and not-for-profit clients across Canada with registration and governance, and B.I.G. Charity Accounts Group, a bookkeeping firm serving Canadian charities with all their financial and tax filing needs.

    https://www.charitylawgroup.ca/
    P: 416-488-5888

    https://www.charityaccountingfirm.ca/
    P: 289-301-8883

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    25 分
  • CRA Compliance for Private Foundations
    2024/12/11

    This episode is a general guide to Canadian tax compliance for private foundations.

    It details the administrative, financial, and operational restrictions placed on these foundations, including requirements for corporate filings, annual information returns, and disbursement quotas.

    The guide also covers tax implications for donations, rules on loanbacks and investments, and the impact of provincial statutes. Essentially, the guide provides a comprehensive overview of the legal and regulatory framework governing private foundations in Canada, and emphasizes compliance to avoid penalties.

    This episode is sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm serving charity and not-for-profit clients across Canada with registration and governance, and B.I.G. Charity Accounts Group, a bookkeeping firm serving Canadian charities with all their financial and tax filing needs.

    https://www.charitylawgroup.ca/
    P: 416-488-5888

    https://www.charityaccountingfirm.ca/
    P: 289-301-8883

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    12 分
  • Ten Tips To Charity Budgeting for Canadian Charities
    2024/12/04

    This episode emphasizes a structured approach to Charity Budgeting, beginning with establishing a timeline and identifying key personnel, and progresses through data collection, establishing an account structure, and prioritizing certain information.

    The podcast concludes by highlighting the importance of aligning the budget with the charity's goals and striving for a balanced budget.

    This episode is sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm serving charity and not-for-profit clients across Canada with registration and governance, and B.I.G. Charity Accounts Group, a bookkeeping firm serving Canadian charities with all their financial and tax filing needs.

    https://www.charitylawgroup.ca/
    P: 416-488-5888

    https://www.charityaccountingfirm.ca/
    P: 289-301-8883

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    23 分
  • How Much Does It Cost to Register a Charity in Canada
    2024/12/04

    This episode outlines the costs associated with registering and maintaining a charity in Canada.

    Initial costs include legal and consulting fees (ranging from $5,000 to $15,000), and incorporation fees (around $200 federally).

    Ongoing expenses encompass annual financial statements, annual reporting to the CRA (both starting around $1,000), fundraising costs (10-15% of funds raised), governance and operational costs ($500-$5,000), insurance ($700-$2,000), and additional potential costs for technology, training, and office space.

    The episode emphasizes the importance of expert Charity Lawyers to navigate the registration process successfully.

    This episode is sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm serving charity and not-for-profit clients across Canada with registration and governance, and B.I.G. Charity Accounts Group, a bookkeeping firm serving Canadian charities with all their financial and tax filing needs.

    https://www.charitylawgroup.ca/
    P: 416-488-5888

    https://www.charityaccountingfirm.ca/
    P: 289-301-8883

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    27 分