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:

MFA - Business Services Specialist Baby boomers are transitioning into retirement and demanding real wealth management like never before and they want to entrust one person to help them move from the working world to the one after it. Be that one!

 Veteran economist Patricia Croft admits it: she is a Canadian-dollar bull. "Parity against the U.S. dollar is the new normal,” she says.

As part of the federal government's commitment to financial literacy, the website of the Financial Consumer Agency of Canada is now home to the innovative Your Financial Toolkit.

"Shell companies” — those companies that exist only on paper and possess no real employees or assets — can be used legitimately, but a new study reveals just how easy it is to set up a shell company for illegal purposes.

At Thanksgiving we gather to share our gratitude withthe people who support us all year long, family and friends—yes, but also our wonderful staff.The tax system makes it easy to do so; employers can selectfrom a series of tax-free benefits, to show their appreciation for their staff's contribution.

DISTINGUISHED PRACTICES: Tips for Real Wealth Managers™. A July Tax Court of Canada decision clarified the importance of the location of a business for the purpose of tax exemption.