Roles of the Public
Guardian and Trustee and the Canada Revenue Agency
PGT
¡Monitors compliance with laws re proper use of charitable assets and ensures trustees carry out fiduciary duties
¡No annual filing
but initial report and
when information
changes
¡No power to revoke charitable status can apply to court if property misused
¡Court can make
order requiring
fiduciaries (Directors)
to repay any misused
property.
CRA
¡Focus on tax law and tax principles to prevent abuses of the charitable donation tax credit system including disbursement quota and receipt system
¡Requires filing of
annual return
(T3010)
¡Can revoke registration or administrative penalties e.g. fines or loss of receipting privileges.
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