The Essential Compliance Guide for Canadian Non-Profits and Charities
Unlock Financial Success When Filing Taxes for Your Charity
Whether you’re managing a charity or running a non-profit, understanding organizational financial responsibilities is crucial for maintaining CRA compliance and maximizing your funding opportunities.
That’s why Gallo LLP has created a free comprehensive guide that helps simplify the complex world of Canada Revenue Agency regulations and ensures your organization stays on top of reporting requirements and financial best practices–all in one place!
What’s Inside Our Non-Profit and Charity Financial Compliance Guide
A Checklist to Ensure Your Non-Profit and Charity Remains Compliant
The goal of the Non-Profit and Charity Guide is simple: to help Canadian non-profits and charities ensure their finances are managed with confidence and are compliant when filing annual financial statements and returns. The guide serves as your non-profit and charity financial compliance checklist, helping you understand which forms and other financial documents will help your non-profit or charity become financially sound.
In the Guide, We Cover Such Topics As:
- Your key financial responsibilities as a non-profit or charity
- What is required when your non-profit or charity files its financial statements and disclosures
- Properly issued donation receipts
- Maintaining adequate books and records for financial compliance
- And many more!
Don’t risk being unprepared when filing your non-profit or charitable financial statements. Equip yourself and your team with the knowledge needed to navigate the tax season stress-free!
The Cost of Non-Compliance for Canadian Charities and Non-Profits
The cost of missing important financial deadlines for your non-profit or charity can greatly impact your financial bottom line. When these statements are not filed, it can lead to the loss of a special designation of the status for your non-profit or charity, but most importantly, a loss in donor trust.
The Canadian government has provided an opportunity for many of these charitable entities to file their financial statements seamlessly. However, not filing or missing deadlines can lead to such complications as:
- Loss of charitable status
- Financial penalties
- Loss of Funding
- Loss of Grant Opportunities
- And more
By staying up-to-date on financial compliance requirements, you can ensure your non-profit or charity is well-prepared for filing taxes with the federal government. Download the free guide today or contact our team to learn more about non-profit accounting services near you!
Avoid Unnecessary Financial Complications and Make Your Non-Profit Compliance Stress-Free!
At Gallo LLP, we understand the unique challenges faced by non-profits and charities across the country. From navigating Canada Revenue Agency compliance to ensuring proper donation receipts and financial reporting, Gallo LLP is here to help your organization stay on track.
While this comprehensive guide is a great resource for understanding what your organization needs to prepare annual financial filings, trusting the experienced and dedicated team of accountants for non-profits and charities at Gallo LLP will always ensure the best results.