fmc-law.com RSS Feeds - Publications - Charities | Not-for-Profits Taxhttp://www.fmc-law.com/upload_net/rss/en/Charities_Tax.xmlThu, 31 May 2012 10:01:07 GMTen-us5The March 29, 2012 Canadian federal budget (the “Budget”) proposes a number of changes to Canada’s thin capitalization rules that may have significant implications to cross-border financing. Clients should review existing financing arrangements to assess the potential implication of these changes and must carefully consider proposed Canadian investments to ensure compliance with the new regime. Read more by clicking the download button.http://www.fmc-law.com/Publications/0512_Beefing_Up_Canada_Thin_Capitalization_Rules.aspxSun, 01 Apr 2012 06:00:00 GMThttp://www.fmc-law.com/Publications/0512_Beefing_Up_Canada_Thin_Capitalization_Rules.aspxFederal Budget 2012 This annual publication is produced by the National Tax Group of Fraser Milner Casgrain LLP (FMC), together with CCH.  This edition contains editorial comments regarding the tax proposals announced in the 2012 Federal Budget by the Honourable James M. Flaherty, P.C., M.P., Minister of Finance.  Tax Analysis Several FMC tax lawyers are on the Editorial Board of the CCH Canadian Tax Reporter, and even more are involved in writing the CCH tax commentary in the Reporter. On March 29, 2012, FMC tax lawyers and CCH participated in the Budget lockup to produce the CCH commentary on the Budget's tax measures. Following the lockup, the document was reviewed by members of FMC’s National Tax Group who also had the opportunity to provide their commentary. To view the Resolutions and CCH editorial commentary, please click here. Federal Budget Documents For complete budget documents, please click here. Read more by clicking on the download button.http://www.fmc-law.com/Publications/0312_Focus_On_Tax_Federal_Budget_2012.aspxThu, 29 Mar 2012 06:00:00 GMThttp://www.fmc-law.com/Publications/0312_Focus_On_Tax_Federal_Budget_2012.aspxOn February 29, 2012, the Federal Court of Appeal (“FCA”) heard oral argument in The Sheldon Inwentash and Lynn Factor Charitable Foundation v. Her Majesty the Queen (FCA Court File No. A-235-11). Pursuant to subsection 172(3) of Income Tax Act (Canada) (the “Act”), an appeal of the Minister of National Revenue’s decision to refuse charitable registration is made directly to the FCA. The Appellant trust is appealing the Canada Revenue Agency’s (the “CRA”) decision to refuse to register the Appellant as a “public foundation” within the meaning of subsection 149.1(1) of the Act. The Appellant was instead registered as a “private foundation”. Read more by clicking the download button.http://www.fmc-law.com/Publications/0212_Brodlieb_Jesse_Sheldon_Inwentash_and_Lynn_Factor_Charitable_Foundation_v_Queen.aspxWed, 29 Feb 2012 07:00:00 GMThttp://www.fmc-law.com/Publications/0212_Brodlieb_Jesse_Sheldon_Inwentash_and_Lynn_Factor_Charitable_Foundation_v_Queen.aspxThe new Canada Not-for-Profit Corporations Act ("NFP Act") came into force on October 17, bringing with it a new framework for the governance and incorporation of associations, charities and other federal not-for-profit organizations. The presentation below provides a review of most significant elements of the NFP Act, with an overview of the following points: New Requirements for By-laws Corporate Obligations Directors' Duties Members' Enhanced Rights Financial Accounting and Disclosure 5 Steps to Transition Learn more by viewing the Slideshare presentation below. Canada Not-for-Profit Corporations Act View more presentations from FMC Law This presentation contains examples of the kinds of issues companies dealing with Canada Not-for-Profit Corporations Act could face. If you are faced with one of these issues, please retain professional assistance as each situation is unique.http://www.fmc-law.com/Publications/0212_Canada_Not_for_Profit_Corporations_Act.aspxWed, 22 Feb 2012 07:00:00 GMThttp://www.fmc-law.com/Publications/0212_Canada_Not_for_Profit_Corporations_Act.aspxThe Canada Not-for-Profit Corporations Act ("NFP Act") enters into force on Monday, October 17, 2011. The NFP Act brings with it a new framework for the governance and incorporation of associations, charities and other federal not-for-profit organizations. The article below provides a review of most significant elements of the NFP Act, with an overview of the following points: New Requirements for By-laws Corporate Obligations Financial Accounting and Disclosure 5 Steps to Transition Read more by clicking the download button.http://www.fmc-law.com/Publications/1011_Focus_Canada_Not_For_Profit.aspxMon, 17 Oct 2011 06:00:00 GMThttp://www.fmc-law.com/Publications/1011_Focus_Canada_Not_For_Profit.aspxMargot Patterson and Tom Houston discuss the 5 Steps to Transition: the Canada Not-for-Profit Corporations Act. The new Canada Not-for-Profit Corporations Act (“CNCA”) is expected to come into force in the summer or fall of 2011, bringing with it a new framework for the governance and incorporation of associations, charities and other federal not-for-profit organizations. The CNCA will replace Part II of the Canada Corporations Act (“CCA”), which has set the rules for not-for-profit organizations since 1917.  Read more by clicking the download button.http://www.fmc-law.com/Publications/0611_Focus_On_Canada_Not_For_Profit.aspxFri, 24 Jun 2011 06:00:00 GMThttp://www.fmc-law.com/Publications/0611_Focus_On_Canada_Not_For_Profit.aspxFederal Budget 2011 - Update       This annual publication is produced by the National Tax Group of Fraser Milner Casgrain LLP (FMC), together with CCH.This edition contains editorial comments regarding tax proposals announced in the first Federal Budget on March 22, 2011, and the second Federal Budget on June 6, 2011, by the Honourable James M. Flaherty, P.C., M.P., Minister of Finance.  Tax AnalysisSeveral FMC tax lawyers are on the Editorial Board of the CCH Canadian Tax Reporter, and even more are involved in writing the CCH tax commentary in the Reporter. On March 22, 2011, FMC tax lawyers and CCH participated in the Budget lockup to produce the CCH commentary on the Budget's tax measures. Following the lockup, the document was reviewed by members of FMC’s National Tax Group who also had the opportunity to provide their commentary.On June 6, 2011, the government did not conduct a Budget lockup, but instead made the Budget documents available at 4 p.m. Members of FMC's National Tax Group and CCH reviewed both the first and second Budget documents to provide updated and complete commentary. To view the Resolutions and CCH editorial commentary, please click here.Federal Budget Documents       For complete June 6 Budget documents, please click here. For complete March 22 Budget documents, please click here.Read more by clicking on the download button.http://www.fmc-law.com/Publications/0611_Focus_On_Tax_Federal_Budget_2011.aspxMon, 06 Jun 2011 06:00:00 GMThttp://www.fmc-law.com/Publications/0611_Focus_On_Tax_Federal_Budget_2011.aspx