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What are the best practices for budgeting and cash flow projections for charities in Canada?

Effective budgeting and cash flow management is vital for charities in Canada. These practices ensure financial sustainability, allowing organizations to concentrate on their mission. By implementing the best practices outlined below, charities can navigate financial complexities more confidently and clearly.

‍Engage Key Stakeholders

‍Involve board members, staff, and volunteers in the budgeting process. Their diverse perspectives can enrich your planning and provide valuable insights into revenue opportunities and spending needs. Collaborative budgeting promotes a sense of ownership and motivates everyone to strive for common financial goals.

‍Base Budgets on Realistic Data

‍When creating your budget, avoid overly optimistic assumptions. Analyze historical data and consider current trends to make informed projections. A realistic budget helps you manage expectations and prepares your charity to handle fluctuations in income or expenses.

Categorize Income and Expenses

Clearly define and categorize your income sources—such as donations, grants, and fundraising events—and your expenses, including program costs and administrative overhead. This categorization allows for better tracking and identifying areas where you can increase revenue or control costs.

Create a Flexible Budget

Build flexibility into your budget to accommodate unexpected changes. A flexible budget allows you to adjust to new realities, such as unanticipated funding cuts or spikes in operational costs.

Monitor Performance Regularly

Check your budget against actual performance each month or quarter. This practice helps you to identify discrepancies early and adjust your strategies accordingly. Consistent monitoring keeps you aligned with your financial goals and enables you to make informed decisions.

Develop Cash Flow Projections

Create a detailed cash flow projection that outlines your expected cash inflows and outflows for a specific period. This projection helps you foresee your cash needs and guarantees you can meet your obligations on time. Break down your monthly cash flow estimates to account for any seasonal changes.

Consider Timing Differences

When forecasting cash flow, consider the timing of cash inflows and outflows. For instance, donations might not come in right after a fundraising event, so planning for that is essential. Recognizing these timing differences helps you manage your cash position more effectively.

Prepare for Shortfalls

Anticipating potential cash shortfalls and creating strategies to address them is essential for proactive planning and offers reassurance to charities. Consider securing lines of credit or setting up a reserve fund to handle unexpected expenses. This strategy enhances financial security and empowers you to confront challenges confidently and efficiently.

Regularly Update Projections

Revise your cash flow projections based on actual performance and any changes in your financial situation to keep them current. Frequent updates give you a better understanding of your cash flow and enable you to modify your plans as needed.

Recommended Software: QuickBooks

Consider using QuickBooks for Charities to enhance your budgeting and cash flow projections. This software offers tailored features specifically designed for charities, including:

  • Budgeting Tools: 
    Easily set up and monitor budgets for different programs and initiatives.
  • Cash Flow Management: 
    Monitor your cash position and generate cash flow reports.
  • Financial Reporting: 
    Generate comprehensive reports to help you assess performance against your budget and cash flow projections.

With QuickBooks, your charity can make financial management more manageable, letting you focus on what matters serving your community. This powerful tool helps you take control of your finances and increases your confidence in handling your charity’s resources.

Summary

Using best practices for budgeting and cash flow projections is vital for charities in Canada that want to improve financial sustainability and transparency.

By involving stakeholders, relying on realistic data for budgets, and utilizing tools like QuickBooks, organizations can confidently manage their finances and feel proud and motivated to achieve their mission.

Ready for better nonprofit reporting?
At Northfield & Associates, we have a team of professional bookkeepers and accountants to help your organization manage the books so that you can breeze through tax season.
GET IN TOUCH

What We Do!

We’re often asked by prospective clients what our Bookkeeping Service covers?  People want to know what specific tasks we do, and what their responsibility is.  This brief explainer page will answer that question.  This is by no means an exhaustive list, but covers the most frequently asked questions.

Getting Started

  • Review your existing books for needed corrections or back-work
  • Chart of accounts setup or amendment
  • Assistance with setting up bank feeds
  • Limited assistance* with setting up payroll (QBO or Gusto only)
  • Your books brought current and reconciled if needed

Ongoing Monthly Bookkeeping

  • After-the-fact transaction recording
  • Post to general ledger
  • Post to other ledgers (as needed)
  • Bank account reconciliation
  • Monthly financial statements
  • Other bookkeeping services, as required
  • Best-practice bookkeeping advice and counsel

Year End

  • Assistance with 1099-NEC preparation*
  • Assistance with 1099-MISC preparation*
  • Year-end financial statements and period-end closing

What We Don’t Do

Pay bills

We do not offer bill-pay services at this time, nor do we manage Accounts Payable (AP) or Accounts Receivable (AR).

Payroll tax responsibility

Our bookkeepers can assist you in setting up your initial payroll service in QBO or Gusto. We are not responsible for entering payroll hours/salary, accruing payroll taxes, nor the transmittal of payroll taxes to the IRS or the state.  Your full-service payroll provider (QBO, Gusto, or whatever other service a client uses) will be the responsible party for payroll and payroll tax compliance.

*Payroll deductions and benefits

We provide assistance with setting up a payroll account in either Quickbooks Online or Gusto, including entry of employee data.  We do not assist in state registrations, benefits, or advise on deductions.  Those service areas are provided directly by either QBO or Gusto.

Preparation of W2s

Similar to the last item, your full-service payroll provider (QBO/Gusto) is responsible for preparation of Form W2 for employees.

Sales tax reporting

For those nonprofits that sell taxable goods and/or services, your bookkeeper will assist in accounting for sales taxes collected and transmitted, but we do not prepare state sales tax reports.

Donation recording

We do not provide individual donation data entry into your neither your donor CRM nor Quickbooks Online, nor do we prepare year-end donor acknowledgements.

Administrative tasks

We cannot provide administrative services unrelated to our bookkeeping function.

Attend board meetings

Due to the constraints of time and distance, we are unable to be present, physically nor virtually, at a meeting of a client’s board of directors.*May incur additional fee per 1099-NEC or 1099-MISC.

Let’s Collaborate & Make a Difference!
Partner with us to amplify your mission. Whether it’s Charity accounting, financial transparency, or strategic growth—we’re here to help you create meaningful impact. Let’s work together to build a better future!
Book a Call

Contact us today to schedule your consultation.

Working with Our Firm

In this evolving economic landscape, collaboration with our firm offers clients a strategic advantage. With Cambodia’s reform-driven investment environment and Canada’s expanding footprint in Southeast Asia, our team of experienced consultants and legal advisors provides tailored guidance to help businesses navigate cross-border opportunities. We focus in developing comprehensive legal strategies, structuring international partnerships, and ensuring compliance in emerging markets.

By leveraging our regional insight and international expertise, you benefit from a trusted partner dedicated to helping you capitalize on growth potential in Cambodia and beyond.

Book a Consultation with Northfield & Associates
Your Trusted Partner in International Bilateral Relations

At Northfield & Associates are focus in Foreign Direct Investment (FDI), international trade missions, and cross-border legal strategy. Our team of experienced consultants and legal advisors offers tailored guidance and strategic insight to help you navigate the complexities of international partnerships and development opportunities.

Whether you choose to meet in person at one of our offices or connect virtually, we provide flexible and accessible consultation options. During your session, we’ll assess your goals, review key documentation, and guide you through every stage of your FDI or trade mission engagement.

Let us help you take the next step with confidence supported by trusted legal and strategic counsel every step of the way.

Northfield & Associates
Advancing Global Partnerships, Together.

Take the First Step Today

If you believe you may be eligible for legal relief or simply need sound legal advice, we’re here to help. Contact us today to book your consultation. Let us provide the clarity, strategy, and peace of mind you need to move forward.

Disclaimer: The information contained in this article is provided for general information purposes only and does not constitute legal or other professional advice. Readers should seek tailored legal advice in relation to their personal circumstances.

We serve our clients in English, Cambodian, Vietnamese, Mandarin and Cantonese, especially in Asian clients.

  • If you or anybody that you know, think that you meet the requirements and wish to receive further information.
  • We can help you start the application process and confirm eligibility requirements to participate.
  • We Offer Consultations & Meetings by Phone & Virtually. Affordable Fees.
Book a Consultation Today
Contact Northfield & Associates today to schedule a consultation with an experienced Consultant.
Book a call with a Consultation
Join the community of Northfield & Associates
Connect with peers and community ambassadors to hear real experiences, tips, and advice about studying abroad.
Explore Northfield & Associates community

About Northfield

Northfield & Associates International Corporation is a global consulting firm serving private enterprises, public institutions, not-for-profit organizations, and institutional capital providers. Operating across Cambodia, Canada, and global markets, the firm supports capital deployment, regulatory navigation, and enterprise decision-making in complex economic and geopolitical environments. Northfield & Associates delivers customized, execution-focused advisory solutions that drive measurable transformation, strengthen competitiveness, and enhance long-term highest value opportunities. The firm incorporates consulting, legal, regulatory, financial, and risk expertise to enable disciplined capital allocation, strong governance, and operational resilience. Northfield & Associates upholds a culture of applied insight and innovation, supporting clients across digital transformation, growth strategy, and organizational capability building. The firm advises individual, leading global corporations, midsize enterprises, government agencies, and mission-driven organizations through long-term partnerships. Enterprise-wide risk management, professional ethics, and fiduciary standards are embedded across all operations. Northfield & Associates’ diverse, globally unified teams are committed to execution certainty and sustainable, risk-adjusted returns aligned with ESG and stakeholder objectives.

Forward-Looking Information

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information.

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information.

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Questions?

info@northfied.biz

Within Corporate Newsroom  

Media Contact:

media@northfied.biz

Press contact 

PR consultants
press@northfied.biz

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Northfield & Associates professionals will be pleased to discuss resolutions to specific legal concerns you may have.

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Business News Financial Institution & Services Legal News Northfield News

Do Canadian Charities Need Insurance?

Do Canadian Charities Need Insurance?

Many Canadian charities do not need mandatory insurance, except when volunteers drive vehicles, which requires auto insurance.

However, charities face risks from accidents, property damage, or legal claims that can affect their ability to function.

Insurance helps protect charities from financial losses and legal problems that might threaten their mission.

Charity insurance usually covers property loss and liability for lawsuits, providing a safety net for the organization and its leaders.

Choosing the right coverage depends on the charity’s activities and risks.

Understanding these options helps charities make informed decisions for long-term security.

Charities need to know what insurance is needed and how to manage it to avoid unexpected costs.

This article explains why insurance matters, the types available, and gives practical advice for selecting the best coverage for Canadian charities.

Why Insurance Is Crucial for Canadian Charities

Canadian charities face challenges that can put their financial stability and reputation at risk.

Insurance manages these risks by protecting against legal claims, safeguarding people, and supporting trust from donors and partners.

Protecting Against Legal and Financial Risks

Charities are vulnerable to lawsuits from accidents, property damage, or alleged negligence.

Legal costs can be high, and without insurance, these expenses could threaten the charity’s ability to operate.

Liability coverage, such as Commercial General Liability (CGL), covers claims related to bodily injury or property damage.

Directors’ and Officers’ Liability policies protect board members and leaders from personal financial loss linked to their management decisions.

Insurance acts as a financial safety net, reducing the impact of unexpected legal issues.

This risk management tool helps charities continue their mission without being overwhelmed by costs from lawsuits or compensation claims.

Safeguarding Volunteers, Employees, and Assets

Volunteers and employees are essential to a charity’s work but may face risks during activities.

Insurance protects these individuals in case of injury or accidents while volunteering or working.

Property insurance protects buildings, vehicles, and equipment owned by the charity.

These assets are often costly and critical to daily operations.

Coverage for loss, theft, or damage helps prevent major financial setbacks.

Some provinces require vehicle insurance if volunteers use their cars for charity work.

This specific coverage prevents personal liability from falling on volunteers, offering peace of mind and legal compliance.

Building Trust with Stakeholders

Donors, funders, and partners want assurance their contributions are safe and managed responsibly.

Insurance shows a charity’s commitment to risk management and operational stability.

Clear insurance coverage increases confidence among stakeholders and improves chances for funding or partnerships.

It shows the charity is prepared for challenges and dedicated to protecting its resources.

Insurance also supports transparency by clearly defining who and what is covered.

This openness strengthens relationships and helps maintain the charity’s good reputation in the community.

Directors and Officers Insurance: Responsibilities and Protection

Directors and officers of Canadian charities have legal duties that hold them personally responsible for the organization’s decisions.

Insurance protects these individuals and the charity from financial losses caused by lawsuits or claims tied to their roles.

Fiduciary Duties and Legal Obligations

Directors and officers owe fiduciary duties to the charity.

They must act honestly, with loyalty, and in the charity’s best interests.

They must manage funds responsibly and avoid conflicts of interest.

These duties include ensuring the charity follows laws and regulations and keeps accurate records.

Decisions should not put the charity at risk.

Failure to meet these obligations can lead to personal legal liability for board members, even if they serve voluntarily.

Coverage Scope and Exclusions

Directors and Officers Insurance covers legal costs and damages if directors or officers face claims related to their role.

It protects against risks like wrongful dismissal, discrimination claims, mismanagement of funds, and breach of fiduciary duty.

However, this insurance typically does not cover fraud, criminal acts, or intentional wrongdoing.

It also excludes coverage for general liability issues not related to the duties of directors or officers, such as property damage or bodily injury claims.

Breach of Duty Scenarios

Common situations that trigger claims include improper human resources actions, like wrongful termination or harassment.

Allegations of mismanaging donor funds or conflicts of interest, such as awarding contracts to businesses owned by board members, are also risk areas.

Directors and officers might face lawsuits over defamatory statements or errors in judgement that harm the charity’s reputation.

Insurance helps cover the costs of defending against these claims, reducing the financial burden on individuals and the charity.

Risk Management Strategies for Charities

Charities must assess risks that could disrupt their activities or cause financial harm.

Effective strategies involve spotting these risks, reducing them, and using insurance for financial protection.

This approach helps protect assets and keeps missions on track.

Identifying Potential Risks

Charities face risks such as legal claims, property damage, and data breaches.

They need to review activities, locations, volunteers, and services to spot where problems might arise.

Volunteer-operated vehicles require special attention due to accident risks.

Charities should also consider financial risks, like fraud or sudden loss of funding.

Understanding legal responsibilities, especially for directors and officers, is crucial because poor decisions can result in personal liability.

Using checklists and risk assessments helps charities identify risks systematically.

Staff and volunteer input can reveal risks not immediately obvious.

Implementing Preventive Measures

After identifying risks, charities should put safeguards in place.

This may include training volunteers and staff on safety and legal compliance.

Clear policies on harassment, financial controls, and data protection help prevent common risks.

Screening volunteers and employees reduces risks related to client safety or reputation.

Security systems and backup plans protect physical assets and data.

Regular reviews and updates keep these measures effective as the charity grows or changes.

Documentation is important.

Keeping clear records supports accountability and helps respond quickly if a problem happens.

Role of Insurance in Overall Risk Management

Insurance is a key part of managing risk but not the whole solution.

It protects charities from the financial impact of events such as lawsuits, property damage, or vehicle accidents.

Common policies include Commercial General Liability and Directors’ & Officers’ Liability insurance.

These cover bodily injury, property damage, and legal costs for mistakes or decisions made by leaders.

Insurance premiums depend on the type of risks the charity faces and national trends.

Charities should work with brokers who understand the nonprofit sector to find the right coverage.

While insurance helps limit financial loss, it must be combined with strong prevention and risk identification to be effective.

Evaluating Insurance Solutions and Providers

When assessing insurance options, focus on policies that fit the charity’s unique risks, cost stability, and extra benefits that enhance protection.

This ensures financial security without unexpected expenses.

Choosing the Right Insurance Policy

The right insurance policy covers both physical assets and liability risks.

Charities should look for policies that include coverage for property damage, theft, and injury claims.

Commercial General Liability (CGL) and Directors’ & Officers’ Liability are common choices because they protect against lawsuits and personal liability of leadership.

Check policy limits and exclusions carefully to know what the insurance will pay for and what it will not.

Some policies may exclude coverage for certain volunteer activities or special events.

Clarity is necessary to avoid gaps in protection.

Choosing a policy tailored for charities or nonprofits is often better than a standard business policy.

Specialists understand the unique risks charities face and can offer more relevant coverage at competitive premiums.

Comparing Costs and Stable Premiums

Cost matters, but stable premiums over time are just as important.

Insurers base premiums on the likelihood of claims and industry trends, not only on the charity’s claims history.

Charities should not expect premiums to decrease just because they have a clean record.

Compare quotes from multiple insurers and ask about factors that affect premium changes.

Some providers offer multi-year policies or packages with stable pricing.

Regular communication with your insurance broker before renewal can help find better deals or adjust coverage.

It is best to budget for steady, predictable costs rather than relying on uncertain reductions.

Understanding Value-Added Services

Many insurers provide value-added services that can support charities.

These may include risk management advice, crisis support, and help with legal defence costs.

Some insurers offer training for staff and volunteers on reducing risks.

These services add practical protection and reduce the chance of claims.

They can save time and money during incidents by offering expert help quickly.

Charities should ask insurers about these extras when choosing a provider.

Value-added benefits can also include online resources and tools for insurance management.

These extras make keeping track of coverage simpler and more transparent and improve security beyond just financial coverage.

Practical Insurance Guide for Ontario Charities

Are you part of a charity organization in Ontario? Have you ever wondered if your charity needs insurance? Let’s explore why insurance is essential for charities, how it works, and what you should know when buying insurance.

How Insurance Premiums Are Determined

Insurance companies decide how much to charge for a policy based on the likelihood of a claim. Even if your organization has never had a problem, your premiums will be based on national statistics for similar organizations.

Do You Need Insurance?

Charities in Canada are not required to have insurance, except for vehicle insurance for volunteer drivers. However, it’s crucial to consider the following:

  1. Probability of an Incident:
    • How likely is it that an incident could occur?
    • Could this incident result in a financial catastrophe for your organization?
  2. Legal Help:
    • Would you require legal assistance to defend a claim?

For most charities, it makes more sense to pay regular premiums to an insurer than to risk a financial loss that could severely impact their ability to operate. ‍

Types of Insurance Policies for Charities 

Insurance policies for charities generally fall into two categories:

  1. Loss Coverage:
    • These policies provide coverage for items or places that your charity owns (e.g., buildings, vehicles, computers) in case they are lost, stolen, or damaged.
  2. Lawsuit Coverage (Liability Policies):
    • These policies cover your organization and people from lawsuits.

Common Policies for Charities:

  • Commercial General Liability (CGL):
    • Covers bodily injury, property damage, personal injury, medical payments, tenants’ legal liability, and endorsements like non-owned automobile liability.
  • Directors’ & Officers’ Liability:

Understanding Your Policy 

When you receive your policy renewal, it’s essential to understand what it covers:

  1. Exclusions:
    • What is covered and what is not covered?
  2. Who is Covered:
    • Look at the groups of people defined as named insureds.
  3. Who is Not Covered:
    • Ensure you understand who is not covered, such as volunteers or special committees.

Dos and Don’ts When Buying Insurance What to Do:

  • Find the Right Insurance Agent or Broker:
    • Look for someone with strong knowledge of charities.
    • Ask for references from other charity clients.
  • Understand What You’re Buying:
    • Take the time to understand your policy thoroughly.
  • Ask About Better Deals:
    • Inquire about better deals; the cost of insurance is not likely to go down unless you ask.
  • Keep Up to Date:
    • Stay informed about market conditions and contact your broker before your renewal date.
  • Obtain Independent Advice:
    • If your insurance agent or broker also serves on your board, consider eliminating this conflict of interest.

What Not to Do:

  • Assume Premiums Will Decrease:
    • Premiums are only partly affected by your history. Don’t assume they will go down over time.
  • Assume Insurer’s Long-Term Commitment:
    • Insurers may decide not to renew policies, so don’t assume they are committed for the long term.
  • Be Overly Trusting:
    • Take the time to understand your insurance coverage rather than solely relying on verbal assurances.

By following these guidelines, your charity can ensure it has the right insurance coverage to protect its assets and operations.

Legal and Regulatory Considerations for Canadian Charities

Canadian charities and non-profits must follow specific legal rules and guidelines for insurance.

Knowing what insurance is required by law versus what is recommended helps protect the organization and ensures compliance with regulatory bodies.

Mandatory vs. Optional Insurance Requirements

Certain types of insurance are legally mandatory for charities, especially if they operate physical locations or employ staff.

For example, workers’ compensation insurance is required if the charity has paid employees.

Liability insurance is often legally required when charities rent or own property.

Other types like directors’ and officers’ liability or property insurance are optional but highly advised.

These protect against decisions made by leadership and losses from theft or damage.

Non-profits should review their activities regularly to determine which coverages fit their risk profile and legal duties.

Working with Insurance Brokers and Legal Advisors

Charities benefit from working with insurance brokers familiar with the sector.

Brokers help identify specific risks and find policies that align with regulatory expectations and operational needs.

Legal advisors also play a key role.

They ensure that insurance policies comply with provincial and federal charity laws and advise on contract terms, compliance risks, and claims management.

Working with both professionals creates a well-rounded approach to managing risk and legal responsibilities.

Conclusion

Canadian charities face many risks that can affect their operations and finances. The right insurance protects against property loss, lawsuits, and liability claims.

Insurance is not always required. However, it provides crucial support for charities to continue their work safely and confidently.

Northfield & Associates welcomes charities to contact them for advice on insurance needs. You can reach us or by phone at 416-317-6806.

Visit us to learn how we protect charities’ interests and help ensure proper coverage.

Charities can schedule a FREE consultation with Northfield & Associates to discuss insurance concerns and options.

This step helps charities secure their futures responsibly.

Frequently Asked Questions

Canadian charities usually do not need insurance by law. However, carrying certain types of coverage protects their assets and operations.

Insurance needs vary based on the charity’s activities, risk levels, and legal requirements.

Do charities have to have insurance?

Charities in Canada generally do not have to buy insurance by law. The main exception is vehicle insurance for anyone who drives for charity work.

What type of insurance is mandatory in Canada?

Auto insurance is mandatory if a charity uses vehicles. Other types, like liability or property insurance, are not required but are often recommended.

How to donate your life insurance policy?

You can name a charity as the beneficiary of your life insurance policy. You may also transfer ownership of the policy to the charity, which could offer tax advantages for both you and the organization.

What type of insurance does a nonprofit organization need?

Nonprofits often need liability insurance, such as Commercial General Liability (CGL), to protect against lawsuits. Property insurance covers damages to buildings and equipment.

Directors’ and officers’ liability insurance protects leaders from claims related to their decisions.

Are there special insurance considerations for charity events in Canada?

Yes. Events may need special event insurance to cover risks like injury, property damage, or cancellation.

Organizers should check if their current policies cover these risks or if they need extra coverage.

How does the insurance need of a Canadian charity vary based on its size and scope of operations?

Small charities with few assets and activities may need basic liability coverage.

Larger charities with physical locations, employees, or frequent events require more comprehensive insurance. They may need property, liability, and directors’ and officers’ policies.

Risks increase as the scope of operations grows.

The material provided on this website is for information purposes only. It is not intended to be legal advice. You should not act or abstain from acting based upon such information without first consulting a Charity Lawyer. We do not warrant the accuracy or completeness of any information on this site. E-mail contact with anyone at Northfield & Associates International Corporation is not intended to create, and receipt will not constitute, a solicitor-client relationship. Solicitor client relationship will only be created after we have reviewed your case or particulars, decided to accept your case and entered into a written retainer agreement or retainer letter with you.

Ready for better nonprofit reporting?
At Northfield & Associates, we have a team of professional bookkeepers and accountants to help your organization manage the books so that you can breeze through tax season.
GET IN TOUCH

What We Do!

We’re often asked by prospective clients what our Bookkeeping Service covers?  People want to know what specific tasks we do, and what their responsibility is.  This brief explainer page will answer that question.  This is by no means an exhaustive list, but covers the most frequently asked questions.

Getting Started

  • Review your existing books for needed corrections or back-work
  • Chart of accounts setup or amendment
  • Assistance with setting up bank feeds
  • Limited assistance* with setting up payroll (QBO or Gusto only)
  • Your books brought current and reconciled if needed

Ongoing Monthly Bookkeeping

  • After-the-fact transaction recording
  • Post to general ledger
  • Post to other ledgers (as needed)
  • Bank account reconciliation
  • Monthly financial statements
  • Other bookkeeping services, as required
  • Best-practice bookkeeping advice and counsel

Year End

  • Assistance with 1099-NEC preparation*
  • Assistance with 1099-MISC preparation*
  • Year-end financial statements and period-end closing

What We Don’t Do

Pay bills

We do not offer bill-pay services at this time, nor do we manage Accounts Payable (AP) or Accounts Receivable (AR).

Payroll tax responsibility

Our bookkeepers can assist you in setting up your initial payroll service in QBO or Gusto. We are not responsible for entering payroll hours/salary, accruing payroll taxes, nor the transmittal of payroll taxes to the IRS or the state.  Your full-service payroll provider (QBO, Gusto, or whatever other service a client uses) will be the responsible party for payroll and payroll tax compliance.

*Payroll deductions and benefits

We provide assistance with setting up a payroll account in either Quickbooks Online or Gusto, including entry of employee data.  We do not assist in state registrations, benefits, or advise on deductions.  Those service areas are provided directly by either QBO or Gusto.

Preparation of W2s

Similar to the last item, your full-service payroll provider (QBO/Gusto) is responsible for preparation of Form W2 for employees.

Sales tax reporting

For those nonprofits that sell taxable goods and/or services, your bookkeeper will assist in accounting for sales taxes collected and transmitted, but we do not prepare state sales tax reports.

Donation recording

We do not provide individual donation data entry into your neither your donor CRM nor Quickbooks Online, nor do we prepare year-end donor acknowledgements.

Administrative tasks

We cannot provide administrative services unrelated to our bookkeeping function.

Attend board meetings

Due to the constraints of time and distance, we are unable to be present, physically nor virtually, at a meeting of a client’s board of directors.*May incur additional fee per 1099-NEC or 1099-MISC.

Let’s Collaborate & Make a Difference!
Partner with us to amplify your mission. Whether it’s Charity accounting, financial transparency, or strategic growth—we’re here to help you create meaningful impact. Let’s work together to build a better future!
Book a Call

Contact us today to schedule your consultation.

Working with Our Firm

In this evolving economic landscape, collaboration with our firm offers clients a strategic advantage. With Cambodia’s reform-driven investment environment and Canada’s expanding footprint in Southeast Asia, our team of experienced consultants and legal advisors provides tailored guidance to help businesses navigate cross-border opportunities. We focus in developing comprehensive legal strategies, structuring international partnerships, and ensuring compliance in emerging markets.

By leveraging our regional insight and international expertise, you benefit from a trusted partner dedicated to helping you capitalize on growth potential in Cambodia and beyond.

Book a Consultation with Northfield & Associates
Your Trusted Partner in International Bilateral Relations

At Northfield & Associates are focus in Foreign Direct Investment (FDI), international trade missions, and cross-border legal strategy. Our team of experienced consultants and legal advisors offers tailored guidance and strategic insight to help you navigate the complexities of international partnerships and development opportunities.

Whether you choose to meet in person at one of our offices or connect virtually, we provide flexible and accessible consultation options. During your session, we’ll assess your goals, review key documentation, and guide you through every stage of your FDI or trade mission engagement.

Let us help you take the next step with confidence supported by trusted legal and strategic counsel every step of the way.

Northfield & Associates
Advancing Global Partnerships, Together.

Take the First Step Today

If you believe you may be eligible for legal relief or simply need sound legal advice, we’re here to help. Contact us today to book your consultation. Let us provide the clarity, strategy, and peace of mind you need to move forward.

Disclaimer: The information contained in this article is provided for general information purposes only and does not constitute legal or other professional advice. Readers should seek tailored legal advice in relation to their personal circumstances.

We serve our clients in English, Cambodian, Vietnamese, Mandarin and Cantonese, especially in Asian clients.

  • If you or anybody that you know, think that you meet the requirements and wish to receive further information.
  • We can help you start the application process and confirm eligibility requirements to participate.
  • We Offer Consultations & Meetings by Phone & Virtually. Affordable Fees.
Book a Consultation Today
Contact Northfield & Associates today to schedule a consultation with an experienced Consultant.
Book a call with a Consultation
Join the community of Northfield & Associates
Connect with peers and community ambassadors to hear real experiences, tips, and advice about studying abroad.
Explore Northfield & Associates community

About Northfield

Northfield & Associates International Corporation is a global consulting firm serving private enterprises, public institutions, not-for-profit organizations, and institutional capital providers. Operating across Cambodia, Canada, and global markets, the firm supports capital deployment, regulatory navigation, and enterprise decision-making in complex economic and geopolitical environments. Northfield & Associates delivers customized, execution-focused advisory solutions that drive measurable transformation, strengthen competitiveness, and enhance long-term highest value opportunities. The firm incorporates consulting, legal, regulatory, financial, and risk expertise to enable disciplined capital allocation, strong governance, and operational resilience. Northfield & Associates upholds a culture of applied insight and innovation, supporting clients across digital transformation, growth strategy, and organizational capability building. The firm advises individual, leading global corporations, midsize enterprises, government agencies, and mission-driven organizations through long-term partnerships. Enterprise-wide risk management, professional ethics, and fiduciary standards are embedded across all operations. Northfield & Associates’ diverse, globally unified teams are committed to execution certainty and sustainable, risk-adjusted returns aligned with ESG and stakeholder objectives.

Forward-Looking Information

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information.

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information.

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Questions?

info@northfied.biz

Within Corporate Newsroom  

Media Contact:

media@northfied.biz

Press contact 

PR consultants
press@northfied.biz

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Northfield & Associates professionals will be pleased to discuss resolutions to specific legal concerns you may have.

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Business News Legal News Northfield News

Legal Document Checklist for Mosques in Canada

Mosques in Canada play a vital role in serving their communities by offering religious, educational, and charitable services. Whether your mosque is in Ontario, Alberta, British Columbia, or anywhere in Canada, maintaining proper legal documentation is essential to ensure compliance with Canadian laws and preserve its charitable status. Here’s a guide to the essential legal documents your mosque should keep in order.

‍Why Are Legal Documents Important for Mosques?

Mosques, like other registered charities, are subject to specific regulations under the Income Tax Act and provincial laws governing non-profits and religious organizations. Failure to maintain required documents can result in penalties, loss of charitable status, or even legal disputes.

Key Legal Documents for Mosques in Canada

1. Incorporation Documents

Your mosque may be incorporated federally or provincially. Proper documentation depends on your incorporation type:

Federal Incorporation under the Canada Not-for-Profit Corporations Act (CNCA):

  • Certificate of Incorporation: Proof that your mosque is a recognized legal entity.
  • Articles of Incorporation: Lists the mosque’s objectives and governance structure.
  • Corporate Bylaws: Internal rules that outline operations, such as board responsibilities.

Provincial Incorporation:

  • Ontario (ONCA): Incorporation certificate and Articles of Incorporation tailored to provincial requirements.
  • British Columbia (BC Societies Act): Constitution and bylaws filed with the BC Registry.
  • Alberta: Articles of Incorporation filed under the Societies Act of Alberta.

2. Charity Registration Documents

‍Documents related to the mosque’s registration with the Canada Revenue Agency (CRA):

  • Charity Registration Number
  • Confirmation Letter from the CRA
  • Annual filings, such as the T3010 Registered Charity Information Return, which tracks donations, expenditures, and activities.

Maintaining these documents is critical for mosques, where community-driven initiatives often rely on charitable donations.

3. Board Meeting Records

Keep detailed minutes of board meetings, including decisions on:

  • Financial matters
  • Community programs
  • Changes to bylaws

Provincial regulations in Ontario, BC, and Alberta may require transparency in board operations.

4. Financial Records‍

Accurate financial records ensure transparency and compliance with CRA and provincial requirements:

  • Bank Statements: All accounts must be reconciled monthly.
  • Annual Financial Statements: Prepared by an accountant and audited where required by law.
    • Example: “2023 Annual Report for XYZ Mosque, reviewed by John Doe CPA, Calgary, AB.”
  • Donation Receipts: Ensure CRA-approved format with mosque name, CRA registration number, and the amount donated.

‍5. Employment and Volunteer Records

Ensure proper records for employees and volunteers, including:

  • Employment contracts
  • Police background checks (especially for volunteers working with youth)
  • CRA payroll records

6. Property and Lease Agreements

Mosques must maintain ownership or rental agreements for their premises:

  • Property Title Deeds: Proof of ownership for mosques owning land.
    • Example: “Title Deed #45678 for 123 Mosque Street, Toronto, ON.”
  • Lease Agreements: If renting, ensure renewal terms and conditions are documented.
  • Insurance Policies: Liability insurance to cover congregational activities.

7. Program and Service Records

‍Document all services offered by the mosque to demonstrate alignment with charitable purposes:

  • Program Proposals and Reports: Outlines objectives and outcomes.
    • Example: “2024 Summer Camp Proposal for Youth Engagement.”
  • Attendance Logs: Track participation in prayer sessions, Quranic classes, or charity drives.
  • Partnership Agreements: If collaborating with other organizations, maintain MOUs (Memoranda of Understanding).

How to Stay Compliant

Regular Audits and Reviews

  • Conduct internal audits annually to ensure all documents are accurate and up to date.
  • Seek professional advice for audits, especially in regions with specific laws like Ontario (ONCA) or BC (Societies Act).

Digital Record Keeping

  • Use secure cloud-based systems to organize and back up documents.
  • This approach is particularly beneficial for mosques in larger provinces like Alberta, where managing multiple branches can become complex.

Consult a Charity Lawyer

  • Partnering with a charity lawyer familiar with local regulations in Ontario, Alberta, and BC ensures your mosque complies with provincial and federal laws.

Proper documentation is not just about legal compliance it’s about ensuring the long-term sustainability and growth of your mosque’s services to the community. Whether your mosque is located in Toronto, Calgary, or Vancouver, keeping these legal documents in order is critical to its success.

If your mosque needs assistance with legal documentation or compliance, reach out to the experienced Charity Lawyers at Northfield & Associates. With over 778 5-star Google reviews, we’re Canada’s highest rated charity law firm, helping organizations like yours navigate the complexities of charity law. Would you like more information on how we can help your mosque? Contact us today to get started!

Frequently Asked Questions

Find quick answers to common questions about religious organizations and mosques in Canada.

What is considered a legal document in Canada?

A legal document is any official paper that creates, changes, or ends legal rights and duties. This includes contracts, wills, deeds, court orders, and government certificates. Legal documents must follow Canadian law to be valid. They often need signatures and sometimes require a witness or notary public. Examples include birth certificates, marriage licenses, property titles, and business agreements.

How to register a religious organization in Canada?

You need to incorporate your religious organization as a non-profit corporation in your province or territory. Fill out the incorporation forms with your provincial government and include your organization’s name, purpose, and bylaws. Pay the required fees. Once incorporated, you can apply for charitable status with the Canada Revenue Agency if you want to issue tax receipts for donations. Each province has its own process, so check your local government website for specific requirements.

Do religious organizations pay taxes in Canada?

Religious organizations registered as charities don’t pay income tax on their charitable activities. They also get exemptions from property taxes in most provinces. However, they must file annual reports with the Canada Revenue Agency to keep their tax-exempt status. If a religious organization runs a business unrelated to its religious purpose, it may need to pay tax on that income. The organization must follow all tax rules to maintain its benefits.

How to set up a religious organization?

Start by creating a clear mission statement and choosing a name for your organization. Form a board of directors or trustees. Write bylaws that explain how your organization will operate. Incorporate as a non-profit with your provincial government. Open a bank account in the organization’s name. Apply for charitable status with the Canada Revenue Agency if you want donors to receive tax receipts. Hold regular meetings and keep detailed records of all activities and finances.

What documentation is required for establishing a mosque as a charitable organization in Canada?

You need your incorporation documents showing the mosque is a non-profit corporation. Prepare a detailed application for the Canada Revenue Agency that includes your governing documents, financial information, and activity descriptions. Include your constitution or trust document and bylaws. Provide a list of your board members with their contact information. Explain your charitable purposes, such as advancing religion through worship services, education, and community support. Show your planned activities and how you’ll raise and spend money. You may need letters of support from community members and proof of your religious activities.

Which legal permits are necessary for the construction of a new mosque in a Canadian municipality?

You need a building permit from your municipal government before starting construction. Apply for a zoning permit or variance if the property isn’t zoned for religious use. Get site plan approval showing your building design, parking, and landscaping. Obtain development permits that confirm your project meets local planning rules. You may need environmental assessments, heritage approvals, or traffic studies depending on your location. Schedule inspections for electrical, plumbing, and structural work during construction. Get an occupancy permit before opening the mosque to the public. Check with your city’s planning department early, as the approval process can take several months.

The material provided on this website is for information purposes only. It is not intended to be legal advice. You should not act or abstain from acting based upon such information without first consulting a Charity Lawyer. We do not warrant the accuracy or completeness of any information on this site. E-mail contact with anyone at Northfield & Associates International Corporation is not intended to create, and receipt will not constitute, a solicitor-client relationship. Solicitor client relationship will only be created after we have reviewed your case or particulars, decided to accept your case and entered into a written retainer agreement or retainer letter with you.

Ready for better nonprofit reporting?
At Northfield & Associates, we have a team of professional bookkeepers and accountants to help your organization manage the books so that you can breeze through tax season.
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What We Do!

We’re often asked by prospective clients what our Bookkeeping Service covers?  People want to know what specific tasks we do, and what their responsibility is.  This brief explainer page will answer that question.  This is by no means an exhaustive list, but covers the most frequently asked questions.

Getting Started

  • Review your existing books for needed corrections or back-work
  • Chart of accounts setup or amendment
  • Assistance with setting up bank feeds
  • Limited assistance* with setting up payroll (QBO or Gusto only)
  • Your books brought current and reconciled if needed

Ongoing Monthly Bookkeeping

  • After-the-fact transaction recording
  • Post to general ledger
  • Post to other ledgers (as needed)
  • Bank account reconciliation
  • Monthly financial statements
  • Other bookkeeping services, as required
  • Best-practice bookkeeping advice and counsel

Year End

  • Assistance with 1099-NEC preparation*
  • Assistance with 1099-MISC preparation*
  • Year-end financial statements and period-end closing

What We Don’t Do

Pay bills

We do not offer bill-pay services at this time, nor do we manage Accounts Payable (AP) or Accounts Receivable (AR).

Payroll tax responsibility

Our bookkeepers can assist you in setting up your initial payroll service in QBO or Gusto. We are not responsible for entering payroll hours/salary, accruing payroll taxes, nor the transmittal of payroll taxes to the IRS or the state.  Your full-service payroll provider (QBO, Gusto, or whatever other service a client uses) will be the responsible party for payroll and payroll tax compliance.

*Payroll deductions and benefits

We provide assistance with setting up a payroll account in either Quickbooks Online or Gusto, including entry of employee data.  We do not assist in state registrations, benefits, or advise on deductions.  Those service areas are provided directly by either QBO or Gusto.

Preparation of W2s

Similar to the last item, your full-service payroll provider (QBO/Gusto) is responsible for preparation of Form W2 for employees.

Sales tax reporting

For those nonprofits that sell taxable goods and/or services, your bookkeeper will assist in accounting for sales taxes collected and transmitted, but we do not prepare state sales tax reports.

Donation recording

We do not provide individual donation data entry into your neither your donor CRM nor Quickbooks Online, nor do we prepare year-end donor acknowledgements.

Administrative tasks

We cannot provide administrative services unrelated to our bookkeeping function.

Attend board meetings

Due to the constraints of time and distance, we are unable to be present, physically nor virtually, at a meeting of a client’s board of directors.*May incur additional fee per 1099-NEC or 1099-MISC.

Let’s Collaborate & Make a Difference!
Partner with us to amplify your mission. Whether it’s Charity accounting, financial transparency, or strategic growth—we’re here to help you create meaningful impact. Let’s work together to build a better future!
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Contact us today to schedule your consultation.

Working with Our Firm

In this evolving economic landscape, collaboration with our firm offers clients a strategic advantage. With Cambodia’s reform-driven investment environment and Canada’s expanding footprint in Southeast Asia, our team of experienced consultants and legal advisors provides tailored guidance to help businesses navigate cross-border opportunities. We focus in developing comprehensive legal strategies, structuring international partnerships, and ensuring compliance in emerging markets.

By leveraging our regional insight and international expertise, you benefit from a trusted partner dedicated to helping you capitalize on growth potential in Cambodia and beyond.

Book a Consultation with Northfield & Associates
Your Trusted Partner in International Bilateral Relations

At Northfield & Associates are focus in Foreign Direct Investment (FDI), international trade missions, and cross-border legal strategy. Our team of experienced consultants and legal advisors offers tailored guidance and strategic insight to help you navigate the complexities of international partnerships and development opportunities.

Whether you choose to meet in person at one of our offices or connect virtually, we provide flexible and accessible consultation options. During your session, we’ll assess your goals, review key documentation, and guide you through every stage of your FDI or trade mission engagement.

Let us help you take the next step with confidence supported by trusted legal and strategic counsel every step of the way.

Northfield & Associates
Advancing Global Partnerships, Together.

Take the First Step Today

If you believe you may be eligible for legal relief or simply need sound legal advice, we’re here to help. Contact us today to book your consultation. Let us provide the clarity, strategy, and peace of mind you need to move forward.

Disclaimer: The information contained in this article is provided for general information purposes only and does not constitute legal or other professional advice. Readers should seek tailored legal advice in relation to their personal circumstances.

We serve our clients in English, Cambodian, Vietnamese, Mandarin and Cantonese, especially in Asian clients.

  • If you or anybody that you know, think that you meet the requirements and wish to receive further information.
  • We can help you start the application process and confirm eligibility requirements to participate.
  • We Offer Consultations & Meetings by Phone & Virtually. Affordable Fees.
Book a Consultation Today
Contact Northfield & Associates today to schedule a consultation with an experienced Consultant.
Book a call with a Consultation
Join the community of Northfield & Associates
Connect with peers and community ambassadors to hear real experiences, tips, and advice about studying abroad.
Explore Northfield & Associates community

About Northfield

Northfield & Associates International Corporation is a global consulting firm serving private enterprises, public institutions, not-for-profit organizations, and institutional capital providers. Operating across Cambodia, Canada, and global markets, the firm supports capital deployment, regulatory navigation, and enterprise decision-making in complex economic and geopolitical environments. Northfield & Associates delivers customized, execution-focused advisory solutions that drive measurable transformation, strengthen competitiveness, and enhance long-term highest value opportunities. The firm incorporates consulting, legal, regulatory, financial, and risk expertise to enable disciplined capital allocation, strong governance, and operational resilience. Northfield & Associates upholds a culture of applied insight and innovation, supporting clients across digital transformation, growth strategy, and organizational capability building. The firm advises individual, leading global corporations, midsize enterprises, government agencies, and mission-driven organizations through long-term partnerships. Enterprise-wide risk management, professional ethics, and fiduciary standards are embedded across all operations. Northfield & Associates’ diverse, globally unified teams are committed to execution certainty and sustainable, risk-adjusted returns aligned with ESG and stakeholder objectives.

Forward-Looking Information

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information.

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information.

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Questions?

info@northfied.biz

Within Corporate Newsroom  

Media Contact:

media@northfied.biz

Press contact 

PR consultants
press@northfied.biz

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Northfield & Associates professionals will be pleased to discuss resolutions to specific legal concerns you may have.

Categories
Northfield News

Canada has implemented a cap on international students

FOR IMMEDIATE RELEASE

In a significant move, Government of Canada has implemented a cap on international students. Over the past few years, Canada has become a favoured choice for thousands of international students. However, an increase in frauds within the student program, a surge in international students has put a lot of strain on housing, healthcare sector, and other essentials. This decision has been made keeping in mind the interests of international students.

Why is the cap implemented?

On January 22, 2024, Marc Miller, the Honourable Minister of Immigration, Refugees, and Citizenship, announced that the Government of Canada has implemented a cap on international students. The decision to implement a two-year cap on study permit applications has been made to protect the interests of international students. Several institutions in Canada have made a significant amount of profit by increasing their intake, leading to students landing in Canada without proper support.

The cap will facilitate a substantial reduction in provinces that has seen an unsustainable growth of international students in the past few years. The Canadian government plans to stabilize the recent growth over the next two years. As a part of this plan, they aim to reduce the number of approved study permit applications by approximately 35% (around 360,000) compared to 2023. The cap on the number of study permits will be distributed among designated learning institutions (DLI) within each province or territory.

As of January 22, 2024, you will now require an attestation letter while submitting your study permit application to IRCC from the province or territory you plan to stay in during your studies.

Who will not be affected?

You will not be affected if you are:

1. On a study permit

2. Pursuing a Master’s or a Doctoral degree

3. In elementary and secondary education

4. Renewing your study permit

How will the cap affect your post-graduation work permit?

The government has also changed the guidelines for PGWP (Post Graduation Work Permit):

1. Starting May 15, 2024, international students enrolled in public-private colleges will no longer be eligible for PGWP. So, if you start your program of studies under the public-private licensing arrangement on or after May 15, 2024, you will not be given a work permit upon graduation. You will have to obtain a work permit separately to be allowed to stay in Canada after your studies.

2. If you are pursuing a master’s program in Canada, you will soon have the option to apply for a 3-year work permit. Currently, the length of a Post-Graduation Work Permit (PGWP) is determined by the length of the program, which can be a challenge for master’s students. This upcoming change will enable you to gain work experience in Canada for a longer period, which may help you qualify for permanent residency in Canada.

3. An open work permit will only be issued to your spouse if you are an international student enrolled in a master’s or a doctorate course. If you are an international student enrolled in an undergraduate or other college program, your spouses are no longer eligible for an open work permit.

Want to know if you’re still eligible for PGWP?

If you want to learn more about the new guidelines, Northfield & Associates can provide you with expert guidance and assistance. Our team of experienced professionals can help you navigate through the process.

Disclaimer: The information contained in this article is provided for general information purposes only and does not constitute legal or other professional advice. Readers should seek tailored legal advice in relation to their personal circumstances.

We serve our clients in English, Cambodian, Vietnamese, Mandarin and Cantonese, especially in Asian clients.

  • If you or anybody that you know, think that you meet the requirements and wish to receive further information.
  • We can help you start the application process and confirm eligibility requirements to participate.
  • We Offer Consultations & Meetings by Phone & Virtually. Affordable Fees.

Book a Consultation Today

Contact Northfield & Associates today to schedule a consultation with an experienced Consultant.

Book a call with a Consultation

Join the community of Northfield & Associates

Connect with peers and community ambassadors to hear real experiences, tips, and advice about studying abroad.

Explore Northfield & Associates community

About Northfield

Northfield & Associates International Corporation is a global strategic advisory and consulting firm partnering with private equity, sovereign, and institutional investors to deploy capital, manage regulatory, supporting senior leadership, boards, and capital providers across Cambodia, Canada, and international markets operating in complex regulatory, economic, and geopolitical environments, and drive enterprise value creation across complex global markets.

We advise boards, executives, entrepreneurs, and public-sector decision-makers on business strategy, institutional transformation, and high-stakes market challenges requiring disciplined judgment, capital efficiency, and execution certainty. Our work is concentrated across priority global sectors, including agribusiness, aviation and automotive, energy and natural resources, financial services, healthcare, infrastructure, real estate, immigration, education, and information technology.

Our platform integrates sector-specific intelligence with multidisciplinary advisory capabilities. Clients benefit from coordinated access to consulting, legal and regulatory counsel, financial management, risk assessment, real estate advisory, immigration, education, and technology expertise. This integrated model supports informed capital allocation, regulatory-compliant investment structuring, and execution-ready strategies designed to optimise returns, preserve downside protection, and enhance risk-adjusted performance.

Northfield combines consulting rigor with legal and regulatory judgment to support capital markets-aligned decision-making in complex, regulated, and rapidly evolving environments. We partner with private enterprises, institutional investors, family offices, and public-sector entities to structure, deploy, and manage capital effectively; strengthen governance; mitigate regulatory and geopolitical risk; and drive sustainable enterprise value creation.

Our engagements span strategy formulation, operational optimisation, organisational design, and change execution. We deliver measurable outcomes that improve financial performance, support disciplined growth, enhance valuation, and generate durable returns on investment for investors, shareholders, and institutional stakeholders. We operate with independence, precision, and accountability, aligned with long-term value creation and fiduciary standards.

Forward-Looking Information

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information.

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information.

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Questions?

info@northfied.biz

Within Corporate Newsroom  

Media Contact:

media@northfied.biz

Press contact 

PR consultants
press@northfied.biz

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Northfield & Associates professionals will be pleased to discuss resolutions to specific legal concerns you may have.

Categories
Northfield News

Unlocking ASEAN’s Investment Potential: A Focus on Cambodia

The Association of Southeast Asian Nations (ASEAN) stands as a beacon of investment opportunity in the global economy. Comprising ten dynamic member states, including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, ASEAN boasts a diverse and rapidly growing market. This region, with a combined GDP of over $3.6 trillion and a population exceeding 650 million, offers vast potential for investors seeking growth and diversification.

Market Size and Economic Growth

ASEAN’s collective market size is formidable. The region’s strategic location, coupled with its robust economic growth rates, presents a lucrative opportunity for businesses. Over the past decade, ASEAN has averaged an annual GDP growth rate of around 5%, outpacing many developed economies. This growth is driven by a burgeoning middle class, increased urbanization, and a youthful population with rising disposable incomes.

Skilled Labor Potential

One of ASEAN’s key assets is its skilled labor force. The region has invested significantly in education and vocational training, producing a workforce that is not only large but also increasingly skilled. This talent pool is particularly attractive to industries ranging from manufacturing to services and technology. The emphasis on English proficiency in many ASEAN countries further enhances the region’s appeal to international businesses.

Government Incentives

ASEAN governments have been proactive in creating a favorable investment climate. Various incentives, such as tax breaks, reduced tariffs, and simplified regulatory processes, have been introduced to attract foreign direct investment (FDI). Additionally, the ASEAN Economic Community (AEC) aims to create a single market and production base, facilitating the free flow of goods, services, investment, skilled labor, and capital.

Spotlight on Cambodia

Among the ASEAN nations, Cambodia stands out for its aggressive pursuit of foreign investment. The Cambodian government has demonstrated a strong commitment to creating an investor-friendly environment through a series of reforms and incentives.

Government Initiatives

The Cambodian government has rolled out several initiatives to attract FDI. These include:

  1. Tax Incentives: Investors can benefit from tax holidays, reduced corporate tax rates, and exemptions on import duties for machinery and equipment.
  2. Special Economic Zones (SEZs): Cambodia has established multiple SEZs offering world-class infrastructure, streamlined customs procedures, and other facilities to support businesses.
  3. Investment Protection: Cambodia is a member of various international treaties that protect investors, such as the Multilateral Investment Guarantee Agency (MIGA) and bilateral investment treaties.

Young Labor Force

Cambodia’s demographic profile is another significant advantage. With a median age of around 25 years, Cambodia has one of the youngest populations in ASEAN. This youthful demographic provides a steady stream of energetic and adaptable workers, ideal for labor-intensive industries such as manufacturing and services. The government has also focused on enhancing the skill sets of its labor force through educational reforms and vocational training programs.

Conclusion

The ASEAN region, with its vast market size, skilled labor force, and favorable government policies, offers immense investment potential. Cambodia, in particular, exemplifies the region’s commitment to attracting and nurturing foreign direct investment. Its proactive government policies, combined with a young and dynamic workforce, make it an increasingly attractive destination for investors looking to tap into the growth potential of Southeast Asia. As ASEAN continues to integrate and grow, the opportunities for investors will only expand, making it a region to watch closely in the coming years.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Categories
Northfield News

Cannabis Impaired Driving: High Consequences

FOR IMMEDIATE RELEASE

It is important to understand the consequences of operating a motor vehicle under the influence of cannabis. Driving high can have many serious effects on your life and imposed penalties for driving high can include your license being suspended, your vehicle being impounded, financial penalties, the possibility of jail time as well as acquiring a criminal record.

Many challenges can be associated with driving under the influence of cannabis which include your judgement and ability to react while driving, inability to concentrate, as well as the increased risk of injury and death posed to yourself and others from impaired driving.

Police officers are now equipped with the proper tools to administer drug screening tests on the spot to determine if a suspected driver is under the influence of drugs, and what the level of THC is found to be in a suspected driver within two hours of driving. Penalties for drivers caught under the influence of 2ng/ml but less than 5ng/ml of THC in their blood can receive fines up to $1000. More than 5ng/ml of THC in their blood, drivers can expect a $1,000 fine plus possible jail time.

If found to be operating a motor vehicle under the influence of cannabis with alcohol or other drug substances, the criminal charges and penalties faced are increased. The consequences for driving under the influence of cannabis causing bodily harm or death range in penalties from 10 years in jail to life imprisonment.

It is also important to understand how to legally transport cannabis in Ontario. According to the parameters of the law, all cannabis containers must be stored out of reach from any passengers and drivers, and remain un-opened in the original cannabis packaging, while being transported. It remains illegal to transport cannabis across the Canadian border.

It is important to understand the risks and penalties associated with driving high and being under the influence of cannabis. Impaired driving can lead to serious consequences including bodily injury and death. Consider ride share options, public transportation, and designated drivers in the future to protect yourself from negative consequences of driving under the influence.

Disclaimer: The information contained in this article is provided for general information purposes only and does not constitute legal or other professional advice. Readers should seek tailored legal advice in relation to their personal circumstances.

We serve our clients in English, Cambodian, Vietnamese, Mandarin and Cantonese, especially in Asian clients.

  • If you or anybody that you know, think that you meet the requirements and wish to receive further information.
  • We can help you start the application process and confirm eligibility requirements to participate.
  • We Offer Consultations & Meetings by Phone & Virtually. Affordable Fees.

Book a Consultation Today

Contact Northfield & Associates today to schedule a consultation with an experienced Consultant.

Book a call with a Consultation

Join the community of Northfield & Associates

Connect with peers and community ambassadors to hear real experiences, tips, and advice about studying abroad.

Explore Northfield & Associates community

About Northfield

Northfield & Associates International Corporation is a global strategic advisory and consulting firm partnering with private equity, sovereign, and institutional investors to deploy capital, manage regulatory, supporting senior leadership, boards, and capital providers across Cambodia, Canada, and international markets operating in complex regulatory, economic, and geopolitical environments, and drive enterprise value creation across complex global markets.

We advise boards, executives, entrepreneurs, and public-sector decision-makers on business strategy, institutional transformation, and high-stakes market challenges requiring disciplined judgment, capital efficiency, and execution certainty. Our work is concentrated across priority global sectors, including agribusiness, aviation and automotive, energy and natural resources, financial services, healthcare, infrastructure, real estate, immigration, education, and information technology.

Our platform integrates sector-specific intelligence with multidisciplinary advisory capabilities. Clients benefit from coordinated access to consulting, legal and regulatory counsel, financial management, risk assessment, real estate advisory, immigration, education, and technology expertise. This integrated model supports informed capital allocation, regulatory-compliant investment structuring, and execution-ready strategies designed to optimise returns, preserve downside protection, and enhance risk-adjusted performance.

Northfield combines consulting rigor with legal and regulatory judgment to support capital markets-aligned decision-making in complex, regulated, and rapidly evolving environments. We partner with private enterprises, institutional investors, family offices, and public-sector entities to structure, deploy, and manage capital effectively; strengthen governance; mitigate regulatory and geopolitical risk; and drive sustainable enterprise value creation.

Our engagements span strategy formulation, operational optimisation, organisational design, and change execution. We deliver measurable outcomes that improve financial performance, support disciplined growth, enhance valuation, and generate durable returns on investment for investors, shareholders, and institutional stakeholders. We operate with independence, precision, and accountability, aligned with long-term value creation and fiduciary standards.

Forward-Looking Information

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information.

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information.

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Questions?

info@northfied.biz

Within Corporate Newsroom  

Media Contact:

media@northfied.biz

Press contact 

PR consultants
press@northfied.biz

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Northfield & Associates professionals will be pleased to discuss resolutions to specific legal concerns you may have.

Categories
Northfield News

Northfield & Associates’ COO, Mr. Sam At An, Engages in Critical Real Estate and Construction Meeting

Northfield & Associates’ COO, Mr. Sam At An, Engages in Critical Real Estate and Construction Meeting

On June 21, 2024, Mr. Sam At An, the Chief Operating Officer of Northfield & Associates, participated in a significant meeting with the Cambodia Chamber of Commerce. This meeting was part of the 13th Private Sector Working Group on “Real Estates and Construction” under the Government-Private Sector Forum (G-PSF).

The session was presided over by HE Dr. Tan Monivann, Vice President of the Cambodian Chamber of Commerce and Co-Chair of the Private Sector Working Group. Also present were HE Oknha Nguon Meng Tech, Director General of the Cambodian Chamber of Commerce, alongside representatives from private companies in the construction and real estate sectors, and members of the International Chamber of Commerce.

Meeting Objectives

The primary goals of this meeting were:

  • To examine, discuss, and provide private sector input on the draft law concerning “Land Management and Urban Planning,” prepared by the Ministry of Land Management, Urban Planning and Construction.
  • To address new requests from the private sector and seek collaborative solutions with the Ministry of Land Management, Urban Planning and Construction.

Key Takeaways

Mr. Sam At An’s active participation underscores Northfield & Associates’ commitment to contributing to policy development and fostering industry collaboration. By engaging in this forum, Northfield & Associates ensures that stakeholder perspectives are incorporated into legislative processes, promoting sustainable growth in Cambodia’s real estate and construction sectors.

This meeting is a testament to the ongoing efforts to bridge public and private sector collaboration for the development of robust infrastructure and urban planning in Cambodia.

For more details, visit the Cambodia Chamber of Commerce’s Facebook page.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Categories
Northfield News

Effective Strategies for Protecting Yourself from CRA Impostors

Scams targeting Canadians and Canadian charities and nonprofits have become increasingly sophisticated. Such scams can result in identity theft, financial losses, and added stress.

‍Here are some practical tips to help you protect yourself and your loved ones from CRA scams:

‍1. Recognize Common Scam Tactics

‍Empower yourself by recognizing the fear tactics scammers often use to manipulate their victims. They may claim that you or your charity owe taxes, threaten legal action, or promise a refund to trick you into providing personal information. Exercise caution with unexpected calls, emails, or texts that appear to be from the CRA, mainly if they induce a feeling of urgency.

Key Signs of a Scam:

  • Unsolicited contact from the CRA.
  • Requests for personal or financial information.
  • Demands for immediate payment via unusual methods (like gift cards or wire transfers).
  • Threatening language or intimidation.

2. Verify Contact Information

‍‍If you get a questionable message, feel free to confirm its legitimacy. The CRA will never ask for sensitive information via email or text. Instead, visit the CRA website or call their official number to confirm the legitimate communication.

‍‍Useful Contact:

3. Be Cautious with Links and Attachments

‍‍Fraudsters frequently employ phishing techniques to entice you to click on harmful links or download unsafe attachments. Always hover over links to check the URL before clicking, and avoid downloading attachments from unfamiliar sources.

‍4. Report Suspicious Activity

‍‍If you suspect you’ve encountered a scam, it’s crucial to report it. This helps authorities track and combat fraudulent activities. You can report scams to the following organizations:

5. Educate Yourself and Others

‍‍Keep updated on the newest scams and share this information with your friends and family. Sharing information can help others recognize and avoid scams. The CRA website often updates its list of known scams, which can be a helpful resource.

‍6. Use Strong Security Measures

‍‍Enhance your sense of safety by protecting your personal information with strong, unique passwords for your accounts and enabling two-factor authentication whenever possible. Consistently check your bank and credit accounts for suspicious activity to safeguard your financial security.

‍7. Stay Calm and Don’t Rush

‍‍Remember, scammers thrive on panic. If you receive a suspicious call or message, take a deep breath. Don’t rush to provide information or make decisions. Hang up, verify, and take the time to assess the situation. Your calm and collected response can be your best defence.

‍Conclusion

‍‍By remaining knowledgeable and alert, you can better shield yourself from CRA scams and enhance community safety. Keep in mind: if something seems suspicious, it likely is. For additional information and resources on how to avoid scams, check out the CRA’s official website or the Canadian Anti-Fraud Centre.

‍‍Reporting Websites:

‍Taking these proactive measures can protect your personal information and help fight fraud. Stay safe.

Frequently Asked Questions

These answers will help you understand how to keep your CRA account safe and protect yourself from scams. Learn what steps to take if you think someone is using your identity.

How to protect your CRA account?

Use a strong, unique password and change it regularly. Sign up for email notifications so you know when changes happen to your account. Never share your user ID, password, or security answers with anyone. Check your account often for anything that looks wrong. If you see activity you didn’t do, contact CRA right away.

Does CRA offer identity theft protection?

CRA doesn’t offer identity theft protection services. However, they have security measures to help keep your account safe. You can add extra protection by setting up security questions and email alerts. If you think someone stole your identity, call CRA immediately at 1-800-959-8281. They will help secure your account and stop unauthorized access.

How do I check if someone is using my identity in Canada?

Check your CRA My Account for any changes you didn’t make, like a new address or direct deposit information. Look at your credit report from Equifax or TransUnion for accounts you didn’t open. Review your bank statements for charges you don’t recognize. Watch for government mail that stops coming or mail about accounts you never opened. If you find anything suspicious, report it to CRA and your local police.

How can you protect yourself from CRA phone scams?

Remember that CRA will never threaten you with police arrest or ask for payment by gift cards or cryptocurrency. They won’t send police to your home or ask for personal information by email or text. If someone calls claiming to be from CRA and demands immediate payment, hang up. Call CRA directly using the number on their official website to verify if they really need to reach you. Don’t give out your social insurance number or banking details over the phone unless you made the call yourself.

How can you protect your money and personal data from CRA scammers?

Never click links in emails or texts claiming to be from CRA. Always go directly to the CRA website by typing the address yourself. Don’t give out your social insurance number, credit card numbers, or banking information unless you’re sure who you’re talking to. CRA will never ask you to pay with gift cards, Bitcoin, or prepaid credit cards. If you get a suspicious call or email, report it to the Canadian Anti-Fraud Centre. When in doubt, contact CRA directly using the phone number from their official website.

Ready for better nonprofit reporting?
At Northfield & Associates, we have a team of professional bookkeepers and accountants to help your organization manage the books so that you can breeze through tax season.
GET IN TOUCH

What We Do!

We’re often asked by prospective clients what our Bookkeeping Service covers?  People want to know what specific tasks we do, and what their responsibility is.  This brief explainer page will answer that question.  This is by no means an exhaustive list, but covers the most frequently asked questions.

Getting Started

  • Review your existing books for needed corrections or back-work
  • Chart of accounts setup or amendment
  • Assistance with setting up bank feeds
  • Limited assistance* with setting up payroll (QBO or Gusto only)
  • Your books brought current and reconciled if needed

Ongoing Monthly Bookkeeping

  • After-the-fact transaction recording
  • Post to general ledger
  • Post to other ledgers (as needed)
  • Bank account reconciliation
  • Monthly financial statements
  • Other bookkeeping services, as required
  • Best-practice bookkeeping advice and counsel

Year End

  • Assistance with 1099-NEC preparation*
  • Assistance with 1099-MISC preparation*
  • Year-end financial statements and period-end closing

What We Don’t Do

Pay bills

We do not offer bill-pay services at this time, nor do we manage Accounts Payable (AP) or Accounts Receivable (AR).

Payroll tax responsibility

Our bookkeepers can assist you in setting up your initial payroll service in QBO or Gusto. We are not responsible for entering payroll hours/salary, accruing payroll taxes, nor the transmittal of payroll taxes to the IRS or the state.  Your full-service payroll provider (QBO, Gusto, or whatever other service a client uses) will be the responsible party for payroll and payroll tax compliance.

*Payroll deductions and benefits

We provide assistance with setting up a payroll account in either Quickbooks Online or Gusto, including entry of employee data.  We do not assist in state registrations, benefits, or advise on deductions.  Those service areas are provided directly by either QBO or Gusto.

Preparation of W2s

Similar to the last item, your full-service payroll provider (QBO/Gusto) is responsible for preparation of Form W2 for employees.

Sales tax reporting

For those nonprofits that sell taxable goods and/or services, your bookkeeper will assist in accounting for sales taxes collected and transmitted, but we do not prepare state sales tax reports.

Donation recording

We do not provide individual donation data entry into your neither your donor CRM nor Quickbooks Online, nor do we prepare year-end donor acknowledgements.

Administrative tasks

We cannot provide administrative services unrelated to our bookkeeping function.

Attend board meetings

Due to the constraints of time and distance, we are unable to be present, physically nor virtually, at a meeting of a client’s board of directors.*May incur additional fee per 1099-NEC or 1099-MISC.

Let’s Collaborate & Make a Difference!
Partner with us to amplify your mission. Whether it’s Charity accounting, financial transparency, or strategic growth—we’re here to help you create meaningful impact. Let’s work together to build a better future!
Book a Call

Contact us today to schedule your consultation.

Working with Our Firm

In this evolving economic landscape, collaboration with our firm offers clients a strategic advantage. With Cambodia’s reform-driven investment environment and Canada’s expanding footprint in Southeast Asia, our team of experienced consultants and legal advisors provides tailored guidance to help businesses navigate cross-border opportunities. We focus in developing comprehensive legal strategies, structuring international partnerships, and ensuring compliance in emerging markets.

By leveraging our regional insight and international expertise, you benefit from a trusted partner dedicated to helping you capitalize on growth potential in Cambodia and beyond.

Book a Consultation with Northfield & Associates
Your Trusted Partner in International Bilateral Relations

At Northfield & Associates are focus in Foreign Direct Investment (FDI), international trade missions, and cross-border legal strategy. Our team of experienced consultants and legal advisors offers tailored guidance and strategic insight to help you navigate the complexities of international partnerships and development opportunities.

Whether you choose to meet in person at one of our offices or connect virtually, we provide flexible and accessible consultation options. During your session, we’ll assess your goals, review key documentation, and guide you through every stage of your FDI or trade mission engagement.

Let us help you take the next step with confidence supported by trusted legal and strategic counsel every step of the way.

Northfield & Associates
Advancing Global Partnerships, Together.

Take the First Step Today

If you believe you may be eligible for legal relief or simply need sound legal advice, we’re here to help. Contact us today to book your consultation. Let us provide the clarity, strategy, and peace of mind you need to move forward.

Disclaimer: The information contained in this article is provided for general information purposes only and does not constitute legal or other professional advice. Readers should seek tailored legal advice in relation to their personal circumstances.

We serve our clients in English, Cambodian, Vietnamese, Mandarin and Cantonese, especially in Asian clients.

  • If you or anybody that you know, think that you meet the requirements and wish to receive further information.
  • We can help you start the application process and confirm eligibility requirements to participate.
  • We Offer Consultations & Meetings by Phone & Virtually. Affordable Fees.
Book a Consultation Today
Contact Northfield & Associates today to schedule a consultation with an experienced Consultant.
Book a call with a Consultation
Join the community of Northfield & Associates
Connect with peers and community ambassadors to hear real experiences, tips, and advice about studying abroad.
Explore Northfield & Associates community

About Northfield

Northfield & Associates International Corporation is a global consulting firm serving private enterprises, public institutions, not-for-profit organizations, and institutional capital providers. Operating across Cambodia, Canada, and global markets, the firm supports capital deployment, regulatory navigation, and enterprise decision-making in complex economic and geopolitical environments. Northfield & Associates delivers customized, execution-focused advisory solutions that drive measurable transformation, strengthen competitiveness, and enhance long-term highest value opportunities. The firm incorporates consulting, legal, regulatory, financial, and risk expertise to enable disciplined capital allocation, strong governance, and operational resilience. Northfield & Associates upholds a culture of applied insight and innovation, supporting clients across digital transformation, growth strategy, and organizational capability building. The firm advises individual, leading global corporations, midsize enterprises, government agencies, and mission-driven organizations through long-term partnerships. Enterprise-wide risk management, professional ethics, and fiduciary standards are embedded across all operations. Northfield & Associates’ diverse, globally unified teams are committed to execution certainty and sustainable, risk-adjusted returns aligned with ESG and stakeholder objectives.

Forward-Looking Information

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information.

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information.

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Questions?

info@northfied.biz

Within Corporate Newsroom  

Media Contact:

media@northfied.biz

Press contact 

PR consultants
press@northfied.biz

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Northfield & Associates professionals will be pleased to discuss resolutions to specific legal concerns you may have.

Categories
Northfield News

Northfield Strengthens Trade with Cambodia’s Francophonie Department

Northfield Strengthens Trade with Cambodia’s Francophonie Department

Toronto, Canada, June 8, 2024 – Mr. That Soun, CEO, and Mr. Andy Lim, Chairman and President of Northfield & Associates, convened with Mr. Chan Bonira, Director of the Francophonie Department, and his delegation from the Ministry of Foreign Affairs and International Cooperation of the Kingdom of Cambodia.

The meeting focused on reinforcing the cooperation between Northfield & Associates and the Francophonie in Cambodia’s private business sectors. A key highlight was the Canada business network’s invitation to join the Rencontre des Entrepreneurs Francophones 2026, for which the Cambodian Chamber of Commerce has submitted its candidacy. Additionally, discussions covered Cambodia’s bid to host the upcoming Francophonie Summit in 2026.

Mr. Soun emphasized the significant role of both domestic and expatriate Cambodians in bolstering the national economy. The meeting underscored the importance of strengthening trade and investment ties between Cambodia’s private sector and Canadian markets, noting Canada as one of Cambodia’s largest trade partners. The dialogue encouraged Cambodian businesses to explore investment opportunities in Canada.

Despite the strong existing relationship, bilateral trade and investment between Cambodia and Canada remain limited. To address this, Mr. Andy proposed the establishment of a joint trade visit to Cambodia. This initiative aims to enhance economic cooperation and explore opportunities in various sectors, including agriculture, industry, manufacturing, healthcare, information technology, and the environment.

In conclusion, the recent meetings reflect Northfield & Associates’ proactive approach to strengthening Cambodia’s international business relations. By fostering partnerships with Cambodia, Northfield & Associates aims to enhance trade, attract investment, and promote sustainable economic development in both countries’ sectors.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Categories
Northfield News

Mapletree Realty, a subsidiary of Northfield and Associates, Signs Landmark Memorandum of Understanding with OCIC

Mapletree Realty, a subsidiary of Northfield and Associates, Signs Landmark Memorandum of Understanding with OCIC

Phnom Penh, Cambodia, June 10, 2024 – Mapletree Realty, a subsidiary of Northfield & Associates, is thrilled to announce the signing of a significant Memorandum of Understanding (MoU) with Cambodian Investment Corporation (OCIC), a leading property development company. This strategic partnership aims to collaborate on a major investment project valued at over 100 million USD, marking a milestone in the real estate sector.

The MoU outlines the framework for cooperation between Mapletree Realty and OCIC, focusing on the development of innovative and sustainable property solutions. The partnership leverages Mapletree Realty’s extensive expertise in real estate consulting and OCIC’s robust experience in property development to create impactful projects that drive economic growth and community development.

Mr. Sam At An, CEO of Mapletree Realty, expressed his enthusiasm about the collaboration, stating, “This agreement with OCIC represents a significant step forward for Mapletree Realty. By combining our strengths, we are poised to deliver exceptional real estate developments that will benefit both investors and the local community.”

OCIC, renowned for its large-scale development projects, sees this partnership as an opportunity to expand its reach and enhance its project portfolio. Mr. Pung Kheav Se, Chairman of OCIC, highlighted the importance of this MoU, saying, “Our collaboration with Mapletree Realty is set to bring innovative and high-quality real estate projects to the market. We are excited about the potential this partnership holds for the future of property development in Cambodia.”

The investment project, encompassing residential, commercial, and mixed-use developments, aims to meet the growing demand for modern and sustainable living and working spaces. The combined expertise of Mapletree Realty and OCIC ensures that these developments will adhere to the highest standards of design, construction, and environmental sustainability.

This MoU underscores Northfield & Associates’ commitment to fostering strategic partnerships that enhance its subsidiary’s capabilities and drive growth in the real estate sector. It also reflects the firm’s broader mission of enabling organizations to achieve their full potential through strategic, results-driven consulting services.

As Mapletree Realty and OCIC move forward with this exciting partnership, stakeholders can look forward to a series of innovative projects that will redefine the real estate landscape and contribute to the economic development of the region.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

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