CRA Compliance for Private Foundations
Manage episode 455017792 series 3608266
This episode is a general guide to Canadian tax compliance for private foundations.
It details the administrative, financial, and operational restrictions placed on these foundations, including requirements for corporate filings, annual information returns, and disbursement quotas.
The guide also covers tax implications for donations, rules on loanbacks and investments, and the impact of provincial statutes. Essentially, the guide provides a comprehensive overview of the legal and regulatory framework governing private foundations in Canada, and emphasizes compliance to avoid penalties.
This episode is sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm serving charity and not-for-profit clients across Canada with registration and governance, and B.I.G. Charity Accounts Group, a bookkeeping firm serving Canadian charities with all their financial and tax filing needs.
https://www.charitylawgroup.ca/
P: 416-488-5888
https://www.charityaccountingfirm.ca/
P: 289-301-8883
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