New Consultations: Modernizing Tax Rules for Charities

As the last remnants of a scrumptious Thanksgiving weekend subside, it is appropriate to take a look at the health and issues surrounding the charitable sector in Canada.  Serendipitously, the federal government is seeking your views on how the tax rules for registered charities and the Canada Revenue Agency’s (CRA) administration of these rules could be modernized.  A new consultation was launched on October 8 and here’s what the government wants to know, by December 3, 2026:

The Canada Revenue Agency (CRA) has been charged with reducing red tape and making it easier for small businesses to do business.

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What can an advisor who has the usual mix of clients learn from a family office business serving the ultra high net worth? A lot, according to Terry Jenkins, president of BMO Private Bank, U.S., in Chicago and a speaker at this year’s Distinguished Advisor Conference.

Statistics Canada released revised data on the income of Canadian households for 1981 though 2010.

  If you are in British Columbia you are probably aware that on the 31st of May 2012, the legislative assembly of BC passed Bill 54 to re-implement the provincial sales tax (PST) in the province, alongside the goods and services tax (GST), ridding the province of the much-criticized harmonized sales tax (HST).