The Canada Revenue Agency is moving its web presence to Canada.ca

July 10, 2017 RHN CPA No Comments

In 2013, as part of its commitment to better serve citizens and businesses, the Government of Canada launched the Web Renewal Initiative (WRI) to make its online information and services easier to find and use through a single, user-centric website…



Receive up to $500,000 from the BC Rural Dividend Fund! Application opens April 3, 2017.

March 22, 2017 RHN CPA No Comments

Local governments, Not-for-profit organizations and First Nations serving small rural communities in BC may be eligible to receive funding for projects that support community and economic development. To be eligible, the proposed projects must support BC communities with a population…



Is charity registration right for my not-for-profit organization?

July 29, 2016 RHN CPA No Comments

Not-for-profit organizations – Should I apply for registration? The decision to register a charity is an important one. Registration as a charity gives an organization special tax privileges. A registered charity does not have to pay income tax and can…



Personal Tax Tip – Reporting Foreign Income, Property and Investments

April 13, 2016 RHN CPA No Comments

Foreign Property Reporting Requirements Canadian residents are required to report their income on a worldwide basis. In addition, every individual must indicate on their personal income tax return whether they own “Specified Foreign Properties” with an aggregate cost of $100,000…



Threats to the NPO Tax Exempt Status, S149(1)(l)

November 27, 2014 John R. Nelson, CPA, CGA No Comments

Over the last three years Canada Revenue Agency (CRA) has been conducting reviews of 1,440 Not-for-profit organizations (NPOs) out of an estimated 39,000 such organizations that file T2, T3 and T1044 returns. The purpose of this review, named the “NPO…



IMPORTANT INFORMATION FOR NOT-FOR-PROFIT ORGANIZATIONS!

September 22, 2014 RHN CPA No Comments

Not-for-profit organizations currently registered under Part II of the Canada Corporations Act are required to continue under the new Canada Not-for-Profit Corporations Act. The new Act establishes a new set of rules for federally incorporated not-for-profit corporations in Canada that…