Not-For-Profit Organizations

A Priority for Our Community. A Priority for Our Firm.

Not-for-profit (NFP) organizations have needs that differ greatly from those of traditional businesses and often have different priorities. We understand these realities. We are proud of the accomplishments of our NFP clients and it is our responsibility to help by providing services beyond their expectations.

We are committed to our many NFP clients to provide timely and skilled service at a fair value. We have a growing NFP group that strives for leading professional services. Our experienced professionals have current knowledge of new accounting standards and tax rules impacting NFP organizations.

Experience

Over the past 30 years, we’ve grown our business to create a group specializing in NFP organizations and are able to service these clients with insight and proficiency on audit and non-audit matters. We have at least three partners and a dedicated team of managers and chartered accountants who specialize in work with NFP audits. We believe that our size is the key to our relationship with our clients – we are big enough to offer specific knowledge and expertise yet small enough to be accessible on a timely basis.

Through our affiliation with PKF we are linked internationally with 245 member firms in 125 countries. This gives our clients access to the knowledge base of firms that work with NFP organizations across the world, and allows us to remain up to date on best practices and leading-edge knowledge in this field.

Our Services

We offer a full range of services for our NFP clients including:

  • Audit and accounting: We provide audit, review and notice to reader engagements, including advice on the options that are available for NFPs, including International Financial Reporting Standards (IFRS) or the new Accounting Standards for NFPs.
  • Taxation planning and compliance: Taxation issues vary for different types of NFPs, including charitable organizations, and can be complex. Along with our tax specialists, we can help our NFPs to be tax-compliant and efficient.
  • Advisory services: We offer various advisory services including due diligence, special reports and review of agreements.Corporate governance review: Often our NFP clients ask us to advise on the structure or mandate of various committees, such as Audit/Finance committees. We also advise on the formulation of financial policies, such as investment policy.
  • Internal control evaluation: Internal controls are very important for NFPs. Policies should be set and regularly reviewed to ensure that processes are functioning effectively. We are often asked to review and provide recommendations to our NFP clients.

Our recent projects

Some examples of what we have recently done to assist our clients include:

  • Planning regarding purchase and sale of land and buildings
  • Advice on taxation of NFP-specific revenues and services
  • Assistance on application for charitable status
  • Structuring organizations and operations to minimize GST/ HST and income tax implications
  • Analysis and review of budgets
  • Strategies regarding donations and loans
  • Review of accounting policies for revenue recognition
  • Advice on Scientific Research and Experimental Development (SRED) refundable credits

Current clients

A sample of our current NFP clients include:

  • Museums
  • Community Centres
  • Senior Citizen Homes
  • Community Services
  • Volunteer Centres
  • Child Development Centres
  • Health Care

Industry Involvement

We are proud to support various NFP organizations through volunteer involvement at various levels including service on the Board and Finance and other Committees of both local and national organizations.  These include Board positions at Canadian Mental Health Association, BC 211, Eagle Ridge Hospital Foundation, and the Arts Club Theatre.

Contact Us

Anita Johnson, Partner, Not-for-Profit Lead
Renee Martin, Partner