OBJECTIVE:
Although registered charities and not-for-profit organizations (NFPOs) usually escape the full wrath of the dreaded taxman, they are still faced with strict tax rules that, if not followed, can lead to loss of tax status, financial penalties, and bad press. Registered charity and NFPO tax rules differ substantially from those that apply to private sector companies. Without a solid understanding of these rules, organizations may encounter difficulties in meeting their tax filing requirements and in complying with the numerous rules established in the Income Tax Act along with the related jurisprudence and guidance.

The full-day seminar will provide a detailed technical review of the numerous income tax issues faced by registered charities and NFPOs, including real-world examples and case studies to provide participants with practical and useful takeaways.  Attendees will gain hands-on experience relating to the income tax rules and filing requirements that apply to charities and NFPOs.  

This seminar will equip directors, management, volunteers, staff, and/or professional advisors of charities and NPOs with the knowledge that they need to help ensure that they are operating in compliance with the income tax rules and requirements.

WHO WILL BENEFIT:
Practitioners who provide advice to registered charities or NFPOs and require a review of their taxation knowledge of charities/NFPOs, Board Members or other professionals involved with a charity/NFPO who are new to the organization and wish to ensure that the organization is fully compliant with the applicable tax rules, and members of charities and/or NFPOs.

LEARNING OUTCOMES:
The session will enable participants to:

• identify income tax issues and assess related risks associated with the activities carried on by registered charities and NFPOs,
• comply with the income tax rules as they apply to registered charities and NFPOs, and
• complete the T3010 Registered Charity Information Return and T1044 Non-Profit Organization (NPO) Information Return.

CONTENT:

•  Tax compliance requirements for registered charities and NFPOs.
• Canadian tax rules pertaining to loss of tax-exempt status.
• Planning techniques designed to minimize the risk of lost tax-exempt status.
• The latest proposed and enacted tax legislation affecting these entities.
• Preparing the T3010 Registered Charity Information Return and T1044 Non- Profit Organization (NPO) Information Return through relevant case studies.
• Basic sales tax issues applicable to registered charities and NFPO.

PREREQUISITES:
While participants taking this seminar do not require any prerequisite knowledge, a practical understanding of how charities/NFPOs operate would be useful and would allow participants to participate more fully in discussions.

WHAT TO EXPECT:

• Two emails will be sent from CPA Saskatchewan following your registration: one to confirm your order and one including information on how to access the course through PD Connect. 
• Once sent, these emails can also be found in the Communication tab of your CPA Saskatchewan Member Portal.
• Watch a qualified CPA instructor and receive a copy of the same course material that is provided to attendees of the in-person session. 
• This course is designed for participants to view while following along with the course material provided. 
• This self-study course allows you to save your progress and continue later.
• A certificate of completion will be provided upon successful completion of the course and quiz. 
• Registration for this course is open until March 31, 2025, and access will be available for 180 days after registration, up to April 30, 2025.