If you need clear, authoritative

guidance that takes you through

the revised tax rules for charitable

organizations and foundations —

with extensive cross-references to

relevant bulletins, case law, forms,

guides, legislation and rulings, the

NEW Ernst & Young’s Guide to the

Taxation of Canadian Charities is the

reference resource for you.

NEW!Clear, Authoritative Guidance on the Tax Rules for Charitable Organizations and Foundations

Ernst & Young’s Guide to the Taxation of Canadian Charities2006 (1st) Edition

Written by Ernst & Young tax professionals

Ernst & Young’s Guide to the Taxation of Canadian Charities is the ideal tax reference resource for anyone who works with charitable organizations and foundations• Written by a team of Ernst & Young tax professionals• Reflects changes from the May 2, 2006 federal budget• Non-technical language, in-depth explanations, and more• Organized in a topical format• French version available September 2006

More than 80,000 Canadian charities and their donors receive special tax treatment, including exemption from income tax and income tax credits and deductions. Charities are also regulated by the Income Tax Act as to their registration and operation.

Recent amendments to the legislation have significantly changed the tax rules for registered charities, public and private foundations, and charitable donations. New rules (some of which are retroactive) also increase the circumstances under which new and existing penalties can apply, such as:

• Suspension of tax-receipting privileges• Revocation of charity status• Loss of assets

Who should buy this guide…Administrators and managersBoard membersFundraisersProfessional advisorsVolunteers

A useful, new addition to your reference libraryErnst & Young’s Guide to the Taxation of Canadian Charities reflects the many recent amendments that have significantly changed the tax rules for charities, foundations, and charitable donations.

Contents

Chapter 1 Charitable Organizations and Foundations Considers what a charity is, the classification of charities, activities that may be carried on, and the rules surrounding charity registration and revocation.

Chapter 2 Disbursement Quota Covers the annual disbursement quota (in relation to donations received by the charity and for which it issued receipts).

Chapter 3 Donations Discusses donations to registered charities from the perspective of both the donor and the donee.

Chapter 4 Foreign Taxation Examines the foreign tax implications of carrying on activities outside Canada with an emphasis on the United States and the Canada–US tax treaty.

Chapter 5 Record Retention Requirements Reviews the myriad record-retention requirements that apply to charities.

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Order Your Copy Now!Make sure you have your copy of the NEW Ernst & Young’s Guide to the Taxation of Canadian Charities — and find the answers you need fast.

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About the Authors…Ernst & Young’s Guide to the Taxation of Canadian Charities is written and edited by Ernst & Young tax professionals with the assistance of the Canadian Association of University Business Officers Taxes Committee and is published by The Canadian Institute of Chartered Accountants. The editors include:

James Morrisey, fca, Partner, Ernst & Young LLP

Pearl Schusheim, llb, Partner, Couzin Taylor LLP and Ernst & Young L.P.

Martha Tory, fca, Partner, Ernst & Young LLP

Michael Walker, ca, Partner, Ernst & Young LLP

Peter Wood, fca, Partner, Ernst & Young LLP

Ernst & Young’s Guide to the Taxation of Canadian Charities, 2006 (1st) Edition