EVENT DESCRIPTION

NOTE: This course description has been revised to include updates to the course material for 2021. If you have any questions, please contact pdevents@cpaontario.ca

SCHEDULE

  • Thursday, Nov 11, 8:30am - 12:30pm
  • Friday, Nov 12, 8:30am - 12:30pm
  • Overview

    This full-day seminar will provide a detailed technical review of the numerous income tax issues faced by registered charities and NFPOs, including real-world examples and case studies to provide participants with practical and useful takeaways.

    Course Description

    Although registered charities and not-for-profit organizations (NFPOs) usually escape the full wrath of the dreaded taxman, they are still faced with strict tax rules that, if not followed, can lead to loss of tax status, financial penalties, and bad press. Registered charity and NFPO tax rules differ substantially from those that apply to private sector companies. Without a solid understanding of these rules, organizations may encounter difficulties in meeting their tax filing requirements and in complying with the numerous rules established in the Income Tax Act along with the related jurisprudence and guidance.

    This seminar will provide a detailed technical review of the numerous income tax issues faced by registered charities and NFPOs, including real-world examples and case studies to provide participants with practical and useful takeaways.

    Learning Objectives

    This seminar will endow you with the ability to:

    • Identify income tax issues and assess related risks associated with the activities carried on by registered charities and NFPOs
    • Comply with the income tax rules as they apply to registered charities and NFPOs
    • Complete the T3010 Registered Charity Information Return and T1044 Non-Profit Organization (NPO) Information Return

    Seminar Content

    In this seminar you will gain knowledge about the following topics:

    • Tax compliance requirements for registered charities and NFPOs
    • Canadian tax rules pertaining to loss of tax-exempt status
    • Planning techniques designed to minimize the risk of lost tax-exempt status
    • The latest proposed and enacted tax legislation affecting these entities
    • Preparing the T3010 Registered Charity Information Return and T1044 Non- Profit Organization (NPO) Information Return through the use of relevant case studies
    • Basic sales tax issues applicable to registered charities and NFPO

    Applicable To

    This seminar caters to several professionals, including the following groups:

    Practitioners who:

    • provide advice to registered charities or NFPOs
    • require a review of their taxation knowledge of charities/NFPOs

    Board Members or other professionals involved with a charity/NFPO who are:

    • new to the organization
    • wish to ensure that the organization is fully compliant with the applicable tax rules

    Members of charities and/or NFPOs