Although charities are exempt from paying taxes, the Canada Revenue Agency still requires them to fill out paperwork, namely the Registered Charity Information Return, better known as the T3010. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains the purpose of the T3010, when it has to be filed, who gets to see it, and what you need to know about including sensitive information on the form.
We hear all the time how our world has become a global village, how we can reach out to people across the planet in a matter of seconds. This is true for charitable organizations as well, many of which focus on international causes. But it's a complicated undertaking, with rules and procedures that must be followed. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains what Canadian charities must have in place before they can operate overseas and what they can and can't do once they are there.
While cash donations are always welcome, many charities are also happy to accept gifts in kind. However, unlike cashing a cheque, it's not always clear what the value of a gift in kind actually is, which makes filling out a charitable tax receipt that much harder. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains who is responsible for determining the fair market value of such gifts, how that assessment is carried out, and the risks involved if charities aren't diligent about the process.
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