BC case dealing with variation of restrictions on a gift
A very interesting case from BC is a must-read for any fundraiser who deals with restricted gifts. The case Boys and Girls Club of Greater Victoria Foundation v British Columbia (Attorney General), 2024 BCSC 442 (CanLII) (PDF) deals with cy pres or variation of a gift and the standard that is necessary.
Occasional Contributors
2 minutes read
October 1, 2024 
Financial competence for boards and senior management
Directors and officers have fiduciary duties under tax, bankruptcy, incorporation, environmental and other statutes, with personal exposure for unpaid wages, salaries, and statutory deductions, and other liabilities.
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)
How effective is your board (or governing body)?
One way that practitioners can both add immense value and reduce the risk of ineffective governance processes is by helping the board (or governing body) perform a self-assessment.
Norman D. Marks, CPA, CRMA
How much should a Canadian registered charity spend on administration?
In our article, How much should a Canadian registered charity spend on administration (2022), we discuss how CRA has not provided guidance as to the acceptable amount that a Canadian registered charity can spend on administrative expenses
Occasional Contributors
The ISACA has traded in COBIT 5 for COBIT 2019 (Part 3 of 3)
The ISACA has traded in the 7-year old COBIT 5 for COBIT 2019. This is the last of a 3-part series examining this change. Read part 1 here and part 2 here.
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)
The ISACA has traded in COBIT 5 for COBIT 2019 (part 2 of 3)
The ISACA has traded in the 7-year-old COBIT 5 for COBIT 2019. This is the second of a 3-part series exploring COBIT 2019.
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)
The ISACA has traded in COBIT 5 for COBIT 2019 (Part 1 of 3)
The ISACA has traded in the 7-year-old COBIT 5 for COBIT 2019. This 3-part article explains COBIT 2019, based on published ISACA guidance.
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)
It’s almost year end; avoid cut-off errors
Cut-off errors are common and it is important that you avoid them, particularly at year end when one fiscal year will be closed and finalized for the external audit or as a precursor to starting the new fiscal year.
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)
Employee forfeits $115,000.00 in bonuses by resigning; active employment clause valid
A bonus policy may state that employees who are eligible for bonuses must also be actively employed to receive their bonus payments. That is, employers may institute an “active employment clause”. Courts will uphold valid active employment clauses, as demonstrated by Bois v. MD Physician Services Inc., 2017 ONCA 857 (CanLII). MD Physician Services Inc. […]
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)