Background
There are several best practices that charities should integrate into their organizational culture to ensure they are acting in a transparent, accountable and efficient manner. These include:
- Ensure responsible governance of charity
- Ensure involvement in approved charitable activities
- Respect guidelines related to non-charitable activities
- Maintain and manage books and records
- Maintain appropriate financial information
- Use receipting practices that respect CRA guidelines
- Transfer assets between charities
- Complete the T3010 information return in an accurate and timely manner
- Utilize expertise of CRA
This module explains how to utilize these practices to complete the T3010 information return in an accurate and timely manner to ensure their compliance with Canada Revenue Agency (CRA) guidelines about charitable status.
The module also describes how CRA works with registered charities to help improve their compliance to these guidelines, thus increasing the confidence of the Canadian donor in the appropriate use of their support.
For more information, click here to order a free CD of resources developed by The Charities File.
Tools and resources
Self-guided training on best practices
Self-guided training
A video on charitable status
A video on the Benefits and responsibilities of charitable status
A video on responsible governance
Information sheets
- Books and records
- Charities working abroad
- CRA obligations for board members
- FAQs on the T3010
- General guidelines for split receipting
- Gifts in kind and fair market value
- Monitoring of charities and use of sanctions
- Political activities
- Qualified donee
- Related and unrelated business
- Resources on CRA's website
