The Treasurer of a charitable organization in Canada has a number of responsibilities associated with reporting to Canada Revenue Agency on revenues and expenditures. These include, but are not limited to:
Appropriately inform and involve the Board in decision making processes related to finances
Accurate and timely completion of the financial components of T3101B Information Return
Ensure that records verify all official receipts
Identify all income and expenditures
Maintain records to prove that activities of the organization are charitable
Know and adhere to all charitable receipting processes
Here in the Treasurer’s Chest you can find tips and tools to help along the way.
Click here for a more detailed Role Description for the Treasurer of a Charity
Go here for a great summary you can share with board colleagues. It summarizes important financial issues.
