The CRA recently released Registered Charities Newsletter No. 26. The newsletter contains an interesting discussion of the legal meaning of words like “may”, “shall” and “deemed”. It also has a useful table setting out the period of time for which a charity must keep various books and records and a Q&A on the same subject with questions like “Do church offering envelopes need to be retained?” and “Our last treasurer has our books and records for the last fiscal period and refuses to pass them over. As a result, we cannot obtain the necessary information to file our T3010A. What should we do?”.
