December 3, 2016
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Seminars
Nov 7, 2016 – T-3010 Seminar Schedule For Southern BC
BC Churches and Ministries will have now received an announcement for our upcoming T-3010 seminar tour of Southern BC. Because of suggestions from previous participants, we have changed the format to allow more time to review the entire Form T3010 line-by-line. We also provide several examples and explanations but still allow time for questions. This will require most of the day from 9:00am-4:00pm, however, the final portion of the afternoon will permit a few minutes for discussions on some common problems from different topics.
We welcome registrations in advance in order to ensure your seat and refreshments. Simply email your name, position, address, church (or ministry), and which seminar location you plan attending to [email protected] This information can also be faxed to 613-824-1342.
If you prefer to receive further details with a registration form by email, please send a note to [email protected]
The registration fee for members of CTC is $199.00 plus $9.95 GST and the fee for non-members is $249.00 plus 12.45 GST. Payments can be made by Visa, MasterCard, or Cheque. The locations and dates of our last eight seminars are:
Abbotsford - Quality Hotel & Conf Centre, 36035 North Parallel Road - Monday November 28, 2016.
Burnaby - Hilton Vancouver Metrotown, 6083 McKay Ave - Thursday, November 24, 2016.
Kelowna - Ramada Hotel & Conf Centre, 2170 Harvey Ave - Friday, November 18, 2016.
Nanaimo - Coast Bastion Hotel, 11 Bastion St - Tuesday, December 06, 2016.
Richmond - Four Points By Sheraton, 8368 Alexandra Road - Wednesday, November 30, 2016.
Surrey - Holiday Inn & Suites Surrey, 17530 64th Ave - Monday, November 21, 2016.
Vancouver - Holiday inn & Suites North Vancouver, 700 Old Lillooet Road - Saturday, November 26, 2016.
Victoria - Coast Victoria Harbourside, 146 Kingston Street - Friday, December 02, 2016.
General
Nov 5, 2016 – CPP - Maximum Pensionable Earnings For 2017
The Canada Revenue Agency announced this week that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2017 will be $55,300, up from $54,900 in 2016.
Contributors who earn more than $55,300 in 2017 are not required or permitted to make additional contributions to the CPP.
The basic exemption amount for 2017 remains $3,500. Individuals who earn less than that amount do not need to contribute to the CPP.
The employee and employer contribution rates for 2017 will remain unchanged at 4.95%.
Full particulars may be viewed on the CRA website at: Canada Revenue Agency announces maximum pensionable earnings For 2017.
Nov 4, 2016 – November TO DO List
- October payroll liabilities due November 15.
- Pastors and other clergy who receive the Clergy Residence Deduction must complete the "Request to Reduce Tax Deductions at Source for Years(s)" Form T1213 if they wish to have their 2017 tax deductions reduced at source. It normally requires 6-8 weeks for CRA to review each application and grant permission, therefore, the form should be submitted in early November in order for approval to arrive before the first payday in January. Form T1213 can be located at the following link: T1213 Request to Reduce Tax Deductions at Source for Year(s)
- Prepare 2017 offering envelopes for distribution in December. If they have not yet arrived, determine where they are and place a rush on the order. If you are looking for a great supplier for offering envelopes, see the recommendation for the NCS Church Envelope Company on our Membership (Preferred Services) page.
- Ensure offering records are in order and receipts are ready for completing 2016 donation receipts in January.
- Continue working on the 2017 budget with a goal of having the final draft completed by month end. This will allow time for other year end duties during December and January.
- Begin preparation for 2016 financial statements and the year-end audit or review.
(NOTE - the last two items are for those who have a calendar year fiscal year)
Oct 4, 2016 – October TO DO List
- September payroll liabilities due October 15. Since this date falls on a Saturday, the due date shifts to the next business day which is Monday October 17.
- Continue working on the 2017 budget.
- If the 2017 offering envelopes have not arrived yet, check to make sure they have been ordered and determine their arrival date.
Jul 22, 2016 – New Rules For Retaining Church Offering Envelopes
The Canada Revenue Agency announced today that the Charities Directorate has updated its position on the retention period for church offering envelopes. Effective as of 2016 and including the 2015 tax year, church offering envelopes must be kept for six years from the end of the tax year to which the envelope relates.
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