If your nonprofit organization or charity collects membership fees, it's important to be aware of regulations related to the GST system in Canada. The Canada Revenue Agency (CRA) actively reviews the GST treatment of nonprofits and charities, and a significant number have been found to be non-compliant.
Read MoreTechnology moves and grows fast, and as a Not-for-Profit, it may not be a priority to explore the new advances. However, familiarizing yourself with new technologies to modernize your practices can be impactful to the crucial work you do every day for the community. It can help you save more of your funds, and free up time to focus on your mission. You’ve probably heard about “The Cloud” which is the catalyst for one of the newest beneficial waves of technology: Cloud Accounting.
Read More
