If you’re looking to really go deep on the details of the federal budget tabled this week as it applies to charities and non-profits in Canada, this article from law firm Miller Thomson ought to do it. The article was featured in the company’s Social Impact newsletter.
The most significant changes are consultation with the charitable sector to potentially increase the disbursement quota, exploring the potential for social bonds, the development of the social finance market, and supporting community service organizations. The 2021 Budget also amends the rules of revocation of charitable registration related to terrorist organizations or for making false statements to maintain registration.