charity (10)

Charity Check List

Came across this check list from a recent newsletter that I subscribe to at Carters Law

 

https://www.carters.ca/pub/checklst/Charity-Checklist.pdf

 

It's packed with a great list, if your involved with a charity or non profit, it would be a wise investment of your time to check it out and share with your board. 

 

For non profits

Legal Risk Managmeent Checklist for Ontario-Baed Not-for-Profits - Nov 2023 (carters.ca)

https://www.carters.ca/pub/checklst/NFP-Checklist.pdf

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Year End Giving 2022

The year 2022 is coming to a close , and with it the opportunity to bless a charity, support a political cause financially. There is more to giving than money, financial gifts will get you a tax credit that you can use on your taxes , however they have to be made by midnight Dec 31, 2022. I am going to list a few of my favorites, and I welcome you to become a member and share yours in the comment section below. I will also be adding links as resources in the comment section of this postig, so as always check those out. 

If you search this platform for Donations & Giving , here is a list of the highlights from the past 

https://improvingfutures.ning.com/main/search/search?q=donations

https://improvingfutures.ning.com/main/search/search?q=giving

 

Some Local, National  &  International Charities & Foundations

https://crosstownimpact.com/

https://www.rotary.org/en/about-rotary/rotary-foundation

 

https://sgfoodbank.ca/

https://www.brockvilleandareafoodbank.ca/donate/#Cash

 

https://www.canadahelps.org/en/charities/the-salvation-army-brockville-community-church/

https://salvationarmy.ca/ontario/2020/04/food-and-faith-the-salvation-army-in-brockville-is-bringing-hope-to-those-in-need/

 

https://www.yourcommunityfoundation.ca/

https://4-hontario.ca/about-4-h/the-ontario-4-h-foundation/

 

 

https://www.easterseals.org/

https://www.eastersealscamps.org/about/camp-merrywood

https://www.eastersealscamps.org/about/wish-list

 

You may make a year end donation to your home church to support their ministry. You may want to do some extra, so should consider that many of our local church's have beneovant funds, you could donate to one of them with a comment for beneovalant fund, and they will seek out needs in the community with those funds. Search online or attand a service at Christmas or New Years Eve. Note donations New Years Day will not apply for deduction in 2022, but 2023

 

 

 

Political Donations

https://www.newblueontario.com/donate

https://www.peoplespartyofcanada.ca/donate-cc

 

Other Options

It is getting late in the year for donation of stock, shares, etc. There is some significant tax benefots to do so. These should be planned out with our tax team. You an also setup your own donor advised fund. There are typically donations that one would be considering in the 10,000 plus range. Please contact our office advisor@timothyross.com to discuss how this can be arranged. 

https://www.mackenzieinvestments.com/en/services/mackenzie-charitable-giving-program

In the meantime, here is great article to read up on it. 

There is so many other worthy causes. Find one that means something to you and bless them this holiday season. 

The Lord loves a cheerful giver. 

Be Blessed this holiday season.

TLR

“I have found that among its other benefits, giving liberates the soul of the giver. ...
“Always give without remembering and always receive without forgetting. ...
“Giving does not only precede receiving; it is the reason for it. ...
“It's easier to take than to give. ...
“No one has ever become poor from giving.

“Don't Just"

Don't just learn, experience.
Don't just read, absorb.
Don't just change, transform.
Don't just relate, advocate.
Don't just promise, prove.
Don't just criticize, encourage.
Don't just think, ponder.
Don't just take, give.
Don't just see, feel.
Don’t just dream, do.
Don't just hear, listen.
Don't just talk, act.
Don't just tell, show.
Don't just exist, live.”
― Roy T. Bennett, The Light in the Heart

Read more…

CTC Liberty Initiative

This is an interesting discovery, check it out. If your interested in public service or know someone that is. 

Also, it's  good time to pick up a donation credit if this is worthy of your support and you would like a tax deduction on your taxes.

 

" Liberty Coalition Canada formed the "Christians That Care" (CTC) initiative to help Christians get elected and ultimately influence laws to align with biblical principles.

In 2022, we had 110 Christian candidates from 4 different provinces sign up to get training from CTC for their 2022 municipal elections and 16 of them got elected! CTC candidates received a total of 146,173 votes! We also had 20 CTC candidates come in second place, and 9 CTC candidates came within 250 votes of winning!

In 2023, we plan to expand the "Christians That Care" (CTC) initiative and begin operations in 5 different provinces by hiring dedicated Project Managers, with goals to:

1) recruit 500 new Christian politicians across the country;
2) recruit 500 new Christian campaign managers;
3) recruit 250 youth to our “Youth With A Vision” Political Development Program
4) teach churches how to organize around a local Christian candidate;
5) develop a division that supports currently elected Christian politicians.

In order to reach these goals, WE NEED YOUR HELP! To contribute to LCC’s Advocacy Department, click HERE, select the "Donate to Other Designations" box, select the "Where can we designate your donations" drop-down menu, select "Advocacy," and fill in the rest.

For more specific information about any of these Advocacy items, to get involved individually or as a church, to discuss becoming a candidate, to sign up a youth to our development program or to get more specifics, contact mclark@libertycoalitioncanada.com 

 

Donate | Liberty Coalition Canada

 

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Keep Knocking Forever Young

PEAK Disclosure - Click to reflect

Hope your holidays have been going well, and my prayer is that 2021 is full of joy and peace for you, your family and the organizations that you care for.

As Bob Dylan once said, “May God Bless you all with peace, tranquility and good will.”

Cheers

Tim

https://improvingfutures.ning.com/blog/merry-christmas-2020

https://improvingfutures.ning.com/blog/holiday-schedule-year-end-2020

https://improvingfutures.ning.com/blog/your-tv-interview-with-tim-2020-year-end-tax-review

https://improvingfutures.ning.com/blog/meet-tim

 

All I can do is be me, whoever that is.

 
 

Forever Young

The Band
May God bless and keep you always,
May your wishes all come true,
May you always do for others
And let others do for you.
May you build a ladder to the stars
And climb on every rung,
May you stay forever young,
Forever young, forever young,
May you stay forever young.
May you grow up to be righteous,
May you grow up to be true,
May you always know the truth
And see the lights surrounding you.
May you always be courageous,
Stand upright and be strong,
May you stay forever young,
Forever young, forever young,
May you stay forever young.
May your hands always be busy,…
 
Source: Musixmatch

 

Knockin' On Heaven's Door

Mama take this badge from me
I can't use it anymore
It's getting dark too dark to see
Feels like I'm knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door, eh yeah
Mama put my guns in the ground
I can't shoot them anymore
That cold black cloud is comin' down
Feels like I'm knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door…

Source: LyricFind
 
 
I got on a little rabbit trail while giving some advice on charity year end tax receipt processing. I'll post the advice below in a min, just thought you might like a little music to help you along the research path that came with this bit of adventure. ~ TLR
 

FW: Sample Guidance on Donations for Year End Eligibility for Tax Receipts 2020

 

I thought this maybe of interest to my friends associated with charity and non profits.

 

As year end fast approaches the acceptance and classification of which year to apply a donation that comes in over the next week or so can become problematic and is often a cause of some stress for us. This appeal that I received today from SALTS which is a wonderful organization in the marine training arena reminded me that this would be a good opportunity to share some guidance around year end items with respect to charitable gifts being received and given.

 

SOP  recommendation.   When you receive a chq in the mail, keep the envelop along with a copy of the chq  to demonstrate the post mark and thus the allocation to the year is correct with no doubt should it ever be questioned.  I also  always recommend that you keep a photo copy of all chq’s received as a general standard operating procedure ( SOP ) , print a copy of any etransfers received as well, along with any offering envelops received.  CRA can ask to see these and it’s good to have for any internal auditing requirements that may come up during bookkeeping and reviews.  When posting these year end items, set them up in your accounts receivables to be paid later, a DR in the books and a CR in donations  received ledger.  When they are deposited into the bank, the payment can be allocated in your bank ledgers properly, Dr the bank ledger and a Cr to Accounts Receivable.

 

Hope you holidays have been going well, and my prayer is that 2021 is full of joy and peace for you, your family and the organizations that you care for.

 

As Bob Dylan once said, “May God Bless you all with peace, tranquility and good will.”

 

Cheers

Tim

 

https://improvingfutures.ning.com/blog/merry-christmas-2020

https://improvingfutures.ning.com/blog/holiday-schedule-year-end-2020

https://improvingfutures.ning.com/blog/your-tv-interview-with-tim-2020-year-end-tax-review

https://improvingfutures.ning.com/blog/meet-tim

 

Knocking on heavens door  https://www.youtube.com/watch?v=CGB1P1jKIoE

 

Timothy Ross, Family Advisor, CEO & Founder, Brock Shores Financial

Mutual Funds offered through PEAK Investment Services Inc.

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From: SALTS Sail and Life Training Society <info@salts.ca>
Sent: December 27, 2020 4:55 PM
To: Advisor@timothyross.com
Subject: Your gift sustains SALTS

 

Thank you for your support!

 

 

 
 

 

As 2020 winds down, why not consider your charitable giving this year and whether you have given all you've decided in your heart to give. If you are able, your support this year sustains SALTS until we can sail again safely!

 

Donate online

 

If you are considering a donation to SALTS, please note that online gifts received by midnight PST on Dec 31st (or cheques mailed with a postmark on or before Dec 31st) will receive tax receipts for the year 2020.

 

Thank you for generously investing in transformation for future SALTS trainees.

 

Gratefully,

 

Loren Hagerty

Executive Director

 

 

 

S.A.L.T.S. Sail and Life Training Society

"Training young people, by the sea, for life."

Phone: 250-383-6811    Toll Free: 1-888-383-6811

Website: www.salts.ca

 

Subscribe to the SALTS Newsletter

 

 

 

SALTS Sail and Life Training Society | 451 Herald Street, Victoria, British Columbia V8W 3N8 Canada

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Sent by info@salts.capowered by

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Now, we got a little Rod Stewart , that's a good beat, and some rolling memories
 
 

Forever Young

May the good Lord be with you down every road you roam.
And may sunshine and happiness surround you when you're far from home.
And my you grow to be proud, dignified and true.
And do unto others as you'd have done to you.
Be courageous and be brave.
And in my heart you'll always stay
Forever young. (Forever young)
Forever young. (Forever young)
May good fortune be with you, may your guiding light be strong,
Build a stairway to heaven with a prince or a vagabond.
And may you never love in vain.
And in my heart you will remain
Forever young. (Forever young)
Forever young. (Forever young)
Forever young. Forever young
And when you fin'lly…


Source: LyricFind
Read more…

Legacy Evolution Hot Links

 
LEGACY: Evolution of Estate Planning
Virtual Summit Series

 

November 18, 2020 – My Legacy: Envision, Build, Communicate and Live Your Best Legacy

 

A. Director, Legacy at Toronto Foundation https://torontofoundation.ca/

B.  Everyday Legacy: Lessons For Living With Purpose, Right Now.

 https://www.everydaylegacy.com/livingyoureverydaylegacy:findingpurposeevenintimesofuncertainty

 

Your Tool For Clear And Intentional Generosity   https://thesignatry.com/

DON’T LET FAMILY STORIES BE LOST AND FORGOTTEN  https://paragonroad.com/   

This is a great download   https://paragonroad.com/5stories/

 


November 25, 2020 - Business Legacy: Creating A Responsible Legacy
 
 December 2, 2020 – Your Evolving Legacy: Honoring and Protecting the Wisdom of Your Legacy
 
December 9, 2020 – Boomer to Zoomer Legacy: Legacy Excellence for All of Life’s Stages
 
 December 16, 2020 – Barrier Free Legacy: Legacy Planning for People with a Disabilit

 

Read more…

Charity Law 2019 Nov

Looking forward to attending this professional development conference once again. 
 
I will post highlights to this posting at the time of conference for reference in future. 
 
Tim
 
Thursday, November 7, 2019  8:30am - 3:30pm
 
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The 26th Annual Church & Charity Law Seminar™ is designed to assist churches and charities in understanding developing trends in the law in order to reduce unnecessary exposure to legal liability. Although the topics are directed at churches and charities, many aspects of the presentations will also be of interest to not-for-profit organizations.
The firm will be assisted by guest speaker Tony Manconi, Director General of the Charities Directorate of the Canada Revenue Agency.

This seminar is eligible for 5 hours Law Society of Ontario CPD and CPA Professional Development requirements.
 
The PORTICO Community Church
1814 Barbertown Road, Mississauga, Ontario

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Public Policy Dialogue for Charities

 

http://www.carters.ca/pub/bulletin/charity/2018/chylb434.pdf

 



Terrance S. Carter  B.A., LL.B., TEP, Trade-mark Agent and Ryan M. Prendergast  B.A., LL.B. 
On October 25, 2018, the Department of Finance Canada tabled in the House of Commons a Notice of Ways and Means Motion,  which contained a number of amendments to the Income Tax Act ("ITA")  and other legislation to implement certain provisions previously announced in Budget 2018 and other measures, including amendments to the ITA to modify the rules governing political activities (now referred to as "public policy dialogue and development activities") by charities in Canada. The proposed amendments were introduced as Bill C-86, Budget Implementation Act, 2018, No. 2, ("Bill C-86"),  which received first reading on October 29, 2018, and is included as an appendix to this Charity & NFP Law Bulletin for ease of reference. Bill C-86 significantly improves upon the draft legislation released on September 14, 2018 by the Department of Finance Canada ("September Draft Legislation"),  discussed in last month's Charity & NFP Law Bulletin No. 428
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