Recent Posts

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A big welcome to JP Baker as our new Planning Consultant! Here's what Alison and JP have to say...

BC Budget Consultation Report

In this bulletin, we share our letter regarding our concerns on impact of the Lobbyist Transparency Act on not-for-profit organizations.

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Omar invites you to discover our new plan for BOSS events in 2020/2021.

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Maria speaks to enhancing organizational capacity to encorporate equity & inclusion values and practices, and welcomes Dorla Tune to the team in this blog.

BC Budget Consultation Report

In this bulletin, we review of the report on the Budget 2021 Consultation and its implications for BC's not-for-profit sector.

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This blog was originally posted on the Manning Elliott website, and written by Patrick Chan and Brandon Kelley.


Within Part III of the Handbook - Accounting Standards for Not-for-Profit Organizations, Section 4410 provides guidance on revenue recognition for contributions which are non-reciprocal transfers to an NPO, the most common example being government funding.

Contributions are Classified Into Three Different Types

i) Restricted Contributions

Externally imposed stipulations that specify how the resources or assets must be used.

ii) Endowment Contributions

Externally imposed stipulations...

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The Government of BC has asked for feedback on their discussion paper, BC’s Recovery from COVID-19This is a great opportunity to influence BC's recovery. We are sharing some resources for not-for-profits who would like to provide input. Vantage Point sent the letter below to provide our input on the importance of investing in not-for-profits for the recovery. The deadline to for input is Tuesday, July 21, at 4pm.
 
Ways you can provide input:

BC Budget Consultation Report

A summary of Vantage Point's submission to the Select Standing Committee of Finance and Government Services for the BC 2021 Budget.

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The most important benefit that Canadian registered charities receive is the ability to issue "official donation receipts." When a donation is made to a charity, the charity has the ability to issue a donation receipt which will be tax-deductible to the donor.

Although a charity is not legally required to issue a donation receipt, it usually does so as an incentive to donors. The charity must issue receipts with very specific information.

The Canada Revenue Agency (CRA) suggests that registered charities issue receipts by the last day of February of the calendar year that follows the year of...

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We are joining colleagues across Canada to emphasize the urgency of a federal proposal to support and strengthen charities and nonprofits across the country.

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Free Membership Available
To support not-for-profits through the economic impacts of COVID-19, we are offering our membership for free for a limited time.

Contact

info@thevantagepoint.ca
t: 604 875 9144
f: 604 875 0710
1183 Melville Street
Vancouver, BC V6E 2X5

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