Donating stock to smaller charities *

Canada - November 30 2011
It has been more than a decade since the federal government embarked on a course of making it easier to donate significant amounts to charities, with changes ranging from increasing the annual basic limit of donations from 20% to 75% and, more importantly, over time introducing many rules to facilitate in kind transfers such as stock, stock options and certain types of real estate.

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Charity reminder: filing T3010s on a timely basis is crucial *

Canada - February 28 2011
It is always wise to ensure that a charity's public information return is filed on a timely basis.

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Minutes of meetings still a vague area in terms of style *

Canada - January 31 2011
Charities are required under the Income Tax Act to maintain books and records related to their operations.

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New prescribed donee named *

Canada - November 30 2010
The Department of Finance has used an administrative power under the Income Tax Act to allow an American charity, the American Friends of Canadian Land Trusts, "prescribed donee" status.

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Finance Committee extends time for Bill C-470 report *

Canada - September 30 2010
One of the most anticipated Commons Finance Committee hearings in many years - those dealing with Bill C-470 - has been put off to allow for more hearing time and presumably more witnesses.

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