Change Your Fiscal Year-End. A Guide for Canadian Charities

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.

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