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The 2004 Canadian federal budget implements most of the JRT’s final recommendations.īefore addressing the accessibility and transparency changes announced in the 2004 budget, I will first describe the other budget changes that have occupied commentators. In March 2003, the preliminary report was superseded by a final report that made minor amendments. The JRT conducted hearings across Canada and issued a preliminary report recommending various tax changes in the areas of intermediate sanctions, appeals, transparency, and institutional reform. One of the “tables” or working groups established under the VSI was the Joint Regulatory Table (“JRT”), tasked with making recommendations on procedural elements of charity tax law. The Canadian federal government has been engaged since 2000 in a consultative process called the Voluntary Sector Initiative (“VSI”). This article will describe the budget changes, with particular attention to the transparency ones. Though these changes are certainly important, the changes dealing with accountability and transparency may prove to be just as important in the long term. These changes have not yet received much attention from charities or charity lawyers, probably because of the more immediate impact of some of the other changes announced, including the introduction of intermediate sanctions, a new tax appeal process, and significant amendments to the disbursement quota spending requirements. One of the most important changes in the long term is likely to be the introduction of increased transparency requirements for both charities and the Canada Revenue Agency.Īmong the very substantial changes to the Canadian charity tax regime announced as part of the March 2004 federal budget were a number of transparency initiatives.
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The 2004 Canadian budget introduces major changes to the regulatory regime for charities. Of Not-for-Profit Law Volume 6, Issue 3, June 2004 By Robert B.