Charity Tax

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Fiszman Tax Law, we assist charities with their tax-related needs, ensuring they comply with Canadian laws and maintain their tax-exempt status. We help with the formation and registration of charitable organizations, guiding you through setting up your charity and registering it with the Canada Revenue Agency (CRA). This process involves preparing all the necessary documents to make sure your charity meets legal requirements.

We provide ongoing support to ensure your charity stays compliant with CRA regulations. This includes advising on governance best practices and helping you understand your obligations under the Income Tax Act. We'll assist you in maintaining proper records and filing annual returns so that your charitable status remains in good standing.

If your charity receives donations from the United States, we can advise on the tax implications and what you need to do to comply with both Canadian and U.S. laws. We help you understand how the Canada-U.S. Tax Convention affects your organization, which can allow U.S. donors to claim deductions for donations to Canadian charities under certain conditions.

For Canadian charities operating in the U.S., we offer guidance on the legal and tax considerations involved. We'll help you navigate the regulations in both countries to ensure your operations don't jeopardize your tax-exempt status in Canada or the U.S.

Maintaining your tax-exempt status is crucial, and we assist with all the requirements to keep it. We ensure your charity complies with CRA rules and help you understand the impact of U.S. tax laws on your activities.

When it comes to gifts and donations, we advise on the tax treatment of different types, including cross-border donations. We make sure you're following CRA guidelines for issuing charitable receipts, understanding how to value gifts, and issuing receipts correctly.

If your charity faces audits or disputes with the CRA, we represent you throughout the process, including any cross-border tax issues that might arise with U.S. tax authorities. We'll prepare for audits, respond to CRA inquiries, and work to resolve any issuesI the event that your charitable status is revoked, we can advise on the consequences and assist with the process of reinstatement.

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