Introduction to the Goods and Services Tax

Understanding how the Goods and Services Tax (GST) works is important to all Canadians. In this podcast, find out exactly what the GST is and how it works, whether it is similar to PST in some provinces, as well as how to register for a GST number and how to get a GST tax return.

Introduction to the Goods and Services Tax

CRA disbursement quotas: Part 2

In this podcast, we continue the discussion of disbursement quotas that began in Part 1 and explore such topics as how to calculate your disbursement quota, whether or not an accountant is necessary, how foundations amass large endowments, and the definition of "enduring property".

CRA disbursement quotas: Part 2

CRA disbursement quotas: Part 1

The Income Tax Act requires charities, as nontaxable entities, to spend a certain percentage of their income each year on charitable activities. In this podcast, find out more about these disbursement quotas, what happens when a charity doesn't comply with their disbursement quota, and how long-term projects fit into the equation.

CRA disbursement quotas: Part 1

How market conditions affect charitable giving

With investors throughout the world facing the economic crunch of volatile markets, charities might expect to see a decrease in gifts of shares or stock, and may even feel uncomfortable talking to their donors about the potential of such gifts. In this podcast, find out how the downturn in the stock market affects these types of donations from the perspective of both the donor and the charity, how the benefits that donors receive from such gifts differ from when the market is strong, and what a charity should do if they receive a gift of stock.

How market conditions affect charitable giving (MP3)

Providing third-party information to the CRA

When audited by the Canada Revenue Agency, charities may find themselves being asked to provide third-party information. Third-parties can be as varied as the charity's donors or employees, and when the CRA requests information, a charity has little choice but to hand it over. Listen now to learn more about situations where third-party information may be requested, the impact of a charity's privacy policy on such a request, as well as a charity's liabilities with regard to the accuracy of the information they provide.

Providing third-party information to the CRA