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Canadian Charities and Political Activities

Mohammed Yasin CPA, CGA 4-24-2024

'To be eligible for registration, the Income Tax Act requires a charity to be constituted and operated exclusively for charitable purposes, and all the charity’s resources must be devoted to charitable activities carried on by the charity itself. Charitable'

The Consequences of Inaccurate Financial Reporting

Mohammed Yasin CPA, CGA 3-25-2024

'The Consequences of Inaccurate Financial Reporting Mohammed Yasin CPA, CGA Charitable organizations play a pivotal role in addressing societal needs, from supporting vulnerable populations to advancing research and education. However, the effectiveness of'

Books and Records of Charitable and Not for Profit Organizations

Mohammed Yasin CPA, CGA 2-21-2024

'Books and Records of Charitable and Not for Profit Organizations Mohammed Yasin CPA, CGA The Canada Revenue Agency (CRA) requires registered charities, non-profit organizations, and registered Canadian amateur athletic associations to maintain certain bo'

Risks of Inaccurate Financial Reporting in Charitable Organizations, Companies and NPOs

Mohammed Yasin, CPA, CGA 1-23-2024

'In an ideal world, every charity, company’s and NPO’s financial reporting would always be 100% error-free. Financial statements contain vital information about an organization and company’s health, and internal and external stakeholders need to be able to '

Charities Role in Canada

Mohammed Yasin, CPA, CGA 10-29-2019

'Charities play an essential role in communities across Canada, providing expertise and support to every aspect of our lives, such as healthcare, education, alleviation of poverty and the environment, among many others. Just as importantly, charities contri'

Charity in the month of Ramadan

Mohammed Yasin, CPA,CGA 5-28-2019

'The parable of those who spend their wealth (charity) in the way of Allah is that of a grain of corn; It grows seven spikes And each spikes has a hundred grains. Allah gives many fold increase. To whom he pleases And Allah creates for all and he know'

Non Profit Organization – reporting financial and non financial information at AGM

Mohammed Yasin, CPA,CGA 5-15-2019

'Nonprofits have an ethical obligation to their members and the public to conduct their activities with accountability and transparency. Nonprofits should regularly and openly convey information to the public about their mission, activities, accomplishments'

Benefits, Interest and Penalties

Mohammed Yasin, CPA,CGA 4-17-2019

'Did you know... Filing early helps ensure your benefit and credit payments are not delayed or stopped. These include: ¦ guaranteed income supplement (GIS) ¦ GST-HST credit ¦ Canada child benefit (CCB) ¦ related provincial and territorial pr'

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AL FURQAAN

Surely Allah is not ashamed to set forth any parable-- (that of) a gnat or any thing above that; then as for those who believe, they know that it is the truth from their Lord, and as for those who disbelieve, they say: What is it that Allah means by this parable: He causes many to err by it and many He leads aright by it! but He does not cause to err by it (any) except the transgressors,

Al-Baqra Verse 26

HADITH

Allah’s Apostle said, “Not to wish to be the like except of two men. A man whom Allah has given the (knowledge of the) Qur’an and he recites it during the hours of night and day and the one who wishes says: If I were given the same as this (man) has been given, I would do what he does, and a man whom Allah has given wealth and he spends it in the just and right way, in which case the one who wishes says, ‘If I were given the same as he has been given, I would do what he does.’ ”

Sahih Bukhari Volume 9, Book 90, Number 338