Got any questions? We have the answers.

Do you year-end tax filings for charities,i.e., filing the T3010?

Yes! The year-end filing is included in your bookkeeping package.

Which bookkeeping software do you use?

Our bookkeepers are familiar with and comfortable using all accounting software. However, our preferred programs are ACCOUNTS (accounting software specifically for nonprofits), XERO, Quickbooks Online, and WAVE.

Do you provide audited financial statements?

No, as we’re not a Chartered Professional Accountant (CPA) firm. However, we will work closely with your auditors and year-end accountants to ensure they have the reports they need and answer any questions that they might have. We are happy to provide you with some excellent and competitively priced accountant recommendations with significant charity audit experience.

Is the B.I.G. Charity Accounting Firm regulated by CPA Ontario, CPA Alberta, or CPA BC and similar regulatory bodies?

As we are not a CPA firm, we are not regulated by, and do not fall under the jurisdiction of, these regulatory bodies. We have close relationships with CPA firms who provide services which fall under their jurisdiction.

What are some financial compliance measures we should have in place as a Canadian charity?

Canadian Charities should , at minimum, monitor the following 5 areas of compliance:
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1.  File the T3010 in a timely manner;
2. Follow the rules for Charity Director Compensation;
3. Issue donation receipts following the CRA requirements;
4. Comply with fundraising rules; and
5. Follow the control and direction rules for donations to non-qualified recipients.

Must we issue receipts to our donors?

No, as a Canadian charity, you are not required to issue tax receipts to your donors. However, if you do, it is imperative that the receipts comply with CRA rules and policies. Keep in mind:  
1.  Receipts should not be missing elements required by the CRA

2. Do not issue charity receipts for donated services (an ineligible type of donation to receive a receipt.
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3. Do not “lend” your charity registration to another non-registered charity.