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This blog was originally posted on the Manning Elliott website.


Charities and not-for-profit organizations (NPOs) are turning to social enterprises to supplement and diversify funding sources in response to a reduction in government funding and private donations, the effects of which has been heightened by the COVID-19 crisis. The non-profit and charity supplemental funding brings new concerns with respect to maintaining their status for tax purposes.

As mentioned in a previous article entitled Non Profit's Tax Filing Requirements, charities and NPOs have defined purposes that are different...

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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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I had the pleasure of interviewing Mebrat Beyene, Executive Director of WISH Drop-in Centre Society, earlier this month, and am happy to be able to share with you what I learned throughout our conversation. We talked about the challenges residents of the Downtown Eastside and the organizations supporting them face, and the incredible work they are doing to find solutions. Below is a condensed version of the interview; I invite you to find the full version at the bottom of this page if you would like to know more about this important perspective on a core community in the Vancouver area.


As...

Vantage Point exists to lift and support not-for-profits across the province. When COVID-19 hit, we immediately reignited our core purpose - to convene, connect, and equip not-for-profit leaders. We saw our history of providing training and one-on-one support in governance, planning, HR, and leadership was needed more than ever.

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In BC, as in the rest of Canada, charitable and not-for-profit organizations are currently seeing an increased demand for their services, increased operating costs, and have lost major sources of revenue. We employ over 86,000 people across the province. We also contribute up to $6.69 billion in programs and services per year. Beyond the essential services and support we provide for our most vulnerable, our sector is also a critical engine of economic prosperity and jobs.

BC Budget Consultation Report

A description of the new, temporary response program for not-for-profits in BC facing challenges due to COVID-19.

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The Honourable William Francis Morneau
Department of Finance Canada
90 Elgin Street
Ottawa, Ontario
K1A 0G5
Vancouver, BC, April 8, 2020

Subject: Make the Canada Emergency Wage Subsidy Immediately Available to All Charities and Community Not-for-Profits

I am writing this on behalf of Vantage Point, a BC-based charity which works to support other not-for-profits throughout the province. We request the Canada Emergency Wage Subsidy be made immediately available to all charities and not-for-profits, rather than requiring not-for-profits prove a 30% revenue loss to be eligible.

The Canadian Centre...

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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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