S1 - Preamble
S2 - Partnerships
S3 - Governance
S4 - Organizational Integrity
S5 - Finances
S6 - Fundrainsing & Communications to the Public
S7 - Management Practices & Human Ressources
S8 - Acheiving Compliance
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Summary
Finances
S 5.5
Raison d'être
Indicators of Compliance
Ethical Questions to ask
Examples of good ethical practice
Examples of poor practice
  1. Each Organization that is a registered charity shall file its Registered Charity Information Return within six (6) months of its fiscal year end and such returns shall be complete and accurate.

Why
Why

This requirement by the Charities Directorate of the Canada Revenue Agency (CRA) is also an ethical issue. Failure to comply can result in penalties to the Organization that jeopardize its development work and its commitment to donors to use their contributions responsibly. In addition, the requirement serves to enhance transparency by the Organization, as the public can use the CRA web site as a source of detailed information before making donations. 

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Indicators of Compliance
Indicators of Compliance
  • Returns are filed as required for each year of the Organization’s existence.
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Ethical Questions to ask
Ethical Questions to ask
  • Is care taken to ensure that the Return has been accurately prepared?
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Examples of good ethical practice
Examples of good ethical practice
  • Having responsibility rest with management to ensure that this report is completed correctly and on time, although its preparation may be delegated to someone else.
  • Subsequently reviewing the Organization’s report as posted by the Charities Directorate to ensure that it has been correctly uploaded.
  • Informing the governing body that the Return has been filed.
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Examples of poor practice
Examples of poor practice
  • Needing to be prodded by the Charities Directorate to file the Return. 
  • Submitting incomplete and/or inaccurate returns.