revenue

The Canadian Revenue Agency is responsible for:

  • tax laws for the Government of Canada and for most provinces and territories; and
  • various social and economic benefit and incentive programs delivered through the tax system.
  • The CRA is also responsible for the registration of qualifying organizations as charities, giving technical advice on operating a charity, and handling audit and compliance activities.

    June 24, 2009

    Bill C-4, the Canada Not-for-Profit Corporations Act, has passed its third Reading in the Senate and received Royal Assent this month. The Bill should become law shortly.

    A Step in the Right Direction provides a summary of the checklist and identifies a number of limitations with this new CRA tool.

    Bill C-4, the Canada Not-for-Profit Corporations Act, passed its third Reading in the Senate and received Royal Assent in June 2009. The Bill should become law shortly. The Bill replaces the place the existing Canada Corporations Act that currently applies to nonprofit organizations. Organizations currently incorporated under the Canada Corporations Act have three years to apply for corporate status under the Not-For-Profit Corporations Act. There will be no fees for this process.