In the world of non-profit organizations, understanding financial intricacies is pivotal for effective governance. Ameer Abdullah, a partner at EY specializing in tax planning and compliance, brought his wealth of expertise to Capacity Canada’s Governance BootCamp as a speaker, delving into the fundamental aspects of financial planning for non-profits.
The first session covered the basics of Canadian financial statements, providing a foundation under Canadian GAAP. The second session delved into the basics of Canadian tax obligations, shedding light on taxes applicable in charity and not-for-profit contexts, filing requirements, and common audit issues.
“We aim to equip participants with the ability to ask pertinent questions when reviewing financial statements,” Ameer stated. “Moreover, we aim to empower them with the knowledge of taxes applicable in their contexts, fostering a stronger grasp on their financial obligations as board members.”
The overarching goal of Ameer’s sessions was to instill confidence among board members when handling financials. “We want to provide participants with the tools and insights to navigate monthly or quarterly financial reports effectively,” he emphasized. “Ultimately, we want to empower them to be stronger and more informed board members, capable of contributing meaningfully to their organization’s financial decisions.”
Reflecting on the significance of Capacity Canada’s BootCamp, Ameer highlighted its role as an unparalleled platform for board members. “This BootCamp isn’t just about understanding your rights and responsibilities,” he pointed out. “It’s about gaining the necessary tools and knowledge to be truly effective in your role as a board member. It’s a unique opportunity to acquire comprehensive insights into governance while equipping yourself with practical strategies for impactful contributions.”
Capacity Canada’s Board Governance BootCamp prepares board members with the skills they need to be successful in their roles and for the organization to excel. It speaks to the needs of both new and experienced directors.
To learn more about Capacity Canada’s BootCamp, please visit our website.
