Feb 2019 Charity & NFP Law Update
CRA is Revising Form T3010 and Form T2050
The Canada Revenue Agency (“CRA”) has recently announced that it will revise Form T3010 Registered Charity Information Return and Form T2050 Application to Register a Charity Under the Income Tax Act, with additional instructions to be made available online soon, due to the new public policy dialogue and development activities (“PPDDA”) rules introduced in the Income Tax Act (Canada) (“ITA”) in December 2018 that make the reporting of spending on political activities “no longer relevant”.
Update to Info Sheet for Charities Completing their GST/HST Return
On February 12, 2019, the CRA updated its GST/HST Info Sheet GI-066 How a Charity Completes Its GST/HST Return (the “Info Sheet”). The Info Sheet includes a number of updates, including changes to reflect the repeal of section 252.1 of the Excise Tax Act, which provided a GST/HST rebate for the accommodation portion of eligible tour packages and the net tax calculation. For additional information, see GST/HST rebate for tour packages as well as Guide RC4082, GST/HST Information for Charities, discussed in the April 2018 Charity & NFP Law Update.
P113 – Gifts and Income Tax 2018
On February 19, 2019, the CRA updated its P113 Gifts and Income Tax 2018 (the “Pamphlet”) to reflect changes to the ITA with regard to universities outside Canada no longer being required to be prescribed in Schedule VIII of the Income Tax Regulations, as per the 2018 Federal Budget. The Pamphlet assists individuals who donate money or property to registered charities or other qualified donees, such as universities outside Canada, and is updated every year. The changes affecting universities outside Canada were discussed in greater detail in the March 2018 Charity & NFP Law Update.