Book Description

In Canada, there is no single statute that sets out all of the legislative requirements applicable to charities. Rather, the relevant statutory provisions are found in multiple federal and provincial statutes. In addition, extensive legislative changes each year make it increasingly difficult to cope with the law. Having a concise guide to the law governing charities is a must. Selected and prepared by charity law experts, Terrance Carter, Maria Elena Hoffstein and Professor Adam Parachin, this unique publication provides a useful reference for anyone researching key federal and Ontario statutes governing registered charities in Canada. This edition compiles, describes or otherwise takes account of, approximately 145 statutes and 75 regulations. Highlights of This New Edition Discussion of latest updates from the 2022 Budget to the Income Tax Act concerning improvements to facilitate disbursements by registered charities to organizations that are not qualified donees under the Act and provisions increasing a charityâ€TMs disbursement quota Updated discussion of charitable remainder trusts in light of recent Canada Revenue Agency Technical Interpretations Discussion of Canadaâ€TMs expanded anti-money laundering and anti-terrorist financing rules Up-to-date discussion of federal and provincial corporate legislation and regulations, including the Canada Not-for-Profit Corporations Act and Ontario Not-for-Profit Corporations Act, 2010 Who Should Buy Charity law practitioners who need to advise charities, their directors and officers on myriad compliance matters Lawyers who are retained to set up not-for-profit corporations Accountants who must stay abreast of recent and anticipated changes to income tax legislation pertaining to registered charities Executives and officers of charitable organizations who want to understand the complex statutory regime governing registered charities and their statutory duties and liabilities.