How a Canadian Charity Can Change its Fiscal Year End: Episode 45

This episode outlines the process for Canadian registered charities to change their fiscal year-end, emphasizing that approval from the Charities Directorate is required. It details two main methods for requesting this change: online via the My Business Account (MyBA) portal or by submitting a formal letter, specifying the necessary information for each. The episode also explains the concept of a transition period created by the change, requiring a separate information return, and highlights the importance of acting promptly and ensuring the charity's governing documents are updated to reflect the new date.This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance. B.I.G. Charity Law Group Professional Corporationhttps://www.charitylawgroup.ca/P: 416-488-5888