This course will address accounting and income tax issues specific to organizations carried on for not-for-profit or charitable purposes. Not-for-profit accounting, tax and reporting rules are substantially different from those applicable to private sector organizations. Without a solid understanding of these rules, individuals in financial reporting positions with these organizations may encounter difficulties meeting their reporting requirements.
Canadian GAAP for not-for-profit financial statements
Tax compliance requirements for charities and not-for-profits
Canadian tax rules with respect to loss of tax exempt status and planning techniques to minimize this risk
The latest proposed and enacted tax legislation affecting these entities
WHO WILL BENEFIT?
Members in the NFPO and/or charities sectors and practitioners who audit or provide advice to registered charities or NFPO entities. Any level of public practice, practitioner, board member new to NFPO/Charities or requiring refresher.
Participants should have a familiarity with the CPA Handbook - Accounting Part III.
Time: 9:30am - 6:00pm
Passport - 1 Day
CPD Hours - 7