Charity Law Insights - October 2007    Introduction    Gifts of Life Insurance Premiums    Administrative Deregistration – Just the Beginning of Your Problems    Extra-Provincial Charities Fundraising in Quebec    Quand c’est trop beau pour le croire … Introduction - Adam Aptowitzer Welcome to the Drache LLP October 2007 newsletter. Some of you may have recently received a copy of our previous newsetter in error. If so, our apologies, on the other hand you can think of it as a chance to review some previous material!! More... Gifts of Life Insurance Premiums - Arthur Drache A recent ruling letter from the CRA deals with the situations where a donation of life insurance premiums is made to a charity. While there is no new law or administrative policy, we felt that this opinions would be on interest to readers as it sets out the rules succinctly, particularly in a situation where the ten year rule (now part of the notion of “enduring gifts”) comes into play. More... Administrative Deregistration – Just the Beginning of Your Problems - Adam Aptowitzer The rampant confusion between not-for-profits and charities in Canada has been taking on a new dimension since the Canada Revenue Agency has become more active in deregistering charities for administrative non-compliance. As charity professionals know, there is a distinct difference between charities, not-for-profits, and for profit entities, however newly deregistered charities have simply been assuming that as they are no longer charities they are automatically not-for-profits and therefore not taxable. More... Extra-Provincial Charities Fundraising in Quebec - Steven Szilagyi There are a number of factors that a charity incorporated in one province and wishing to operate in another must consider. In particular there are issues concerning extra-provincial registration, business name registration, and additional registration requirements when specifically carrying on fundraising activities. This article will explore these issues as they apply to an extra-provincial charity wishing to fundraise in the province of Quebec. More... Quand c’est trop beau pour le croire … - Sebastien Desmarais L’Agence du Revenu du Canada (ARC) vous mets en garde contre ces nouveaux organisme de bienfaisance qui continuent à faire la promotion de possible dons utilisés dans abris fiscaux en retour d’un crédit d’impôt « avantageux ». Pour un contribuable qui fait un don a un organisme de bienfaisance, les règles concernant les crédits d’impôts sont claires; en 2007, les premiers 200 $ du don sont admissibles à un crédit d'impôt fédéral de 15,25 p. 100 sur le montant du don. Après les premiers 200 $, le crédit d'impôt fédéral augmente à 29 p. 100 du montant qui se situe au-delà de 200 $. More... You are receiving this e-mail because you have subscribed to one of our Drache LLP newsletters. You have complete control to review, update your newsletter options or unsubscribe at your discretion. If this email was forwarded to you, we invite you to subscribe to this newsletter or others that appeal to you. Your subscription information is private, please feel free to review our privacy policy. © Drache LLP Barristers & Solicitors, 222 Somerset St. W., 2nd Floor, Ottawa, Ontario K2P 2G3 Phone: (613) 233-2675 Facsimile: (613) 233-6752 Email: crotenberg@drache.com