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Common Questions

Direct answers for charity treasurers and EDs

The questions Canadian charity treasurers, executive directors, and finance committees ask us most often — answered in plain language, with sources.

GST/HST & PSB Rebate

Does a charity need GST/HST registration?

Generally only if the charity fails both CRA small-supplier tests.
What is the GST/HST PSB rebate?

A refund of GST/HST that charities can claim — federal 50% plus provincial portion.

Fund Accounting

Restricted vs unrestricted funds explained

Restricted = donor-specified purpose. Unrestricted = board's discretion.

ASNPO Standards

Should our charity use ASNPO or ASPE?

Most private-sector charities and NPOs use ASNPO; some public-sector entities use PSAS.

Audit & Review Engagements

When does a charity need an audit?

Depends on incorporation framework and funder agreements — typically $250K-$500K thresholds.

Donation Receipting

What information must a charitable donation receipt include?

Charity name, BN, eligible amount, donor info, date, signature, and the CRA website.

Tech Stack & Software

What is the best accounting software for Canadian charities?

QBO is often practical for smaller charities; Sage Intacct for larger or multi-entity.

Governance & Board

What does a charity treasurer do?

Financial governance on behalf of the board — review, oversight, and policy.