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Learn about the Canadian Chamber of Commerce’s response to the federal government’s examination into the activities and sources of revenue of not-for-profit organizations (NFPs) in this letter shared by Chartered Professional Accountants of Canada (CPA Canada).
Get your downloadable electronic copy.
The Canada Revenue Agency’s increased auditing of NFPs to identify and address cases of abuse of tax exempt status has involved issuing these organizations “education letters” about their level of compliance with tax laws. The Canadian Chamber of Commerce has written to the Minister of National Revenue to express the concerns of its members about the negative effects of these letters, and to seek clarification on their purpose and the broader objective of these audits.
CPA Canada is making this letter available so that members are aware of the chamber’s effort to explain to the federal government the impact of its NFP research and education program.
Canada’s accounting and auditing standards boards have a lot going on. Make sure you stay up to date on changes and get involved in standards development through the boards’ webinars and events.
February 10, 2020
Financial sustainability and digital disruption are influencing the future of NFPs. Be equipped to lead through complex change by attending Canada’s premiere event for not-for-profit leaders.
May 25, 2020
Explore new technologies that are revolutionizing accounting and finance. Find out how you can take advantage of best-fit digital solutions and emerging business trends to work smarter, ignite growth and keep innovating.