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Donors and the public expect charities to be transparent and accountable when reporting their expenditures. Charities can practise accountability by engaging in self-regulation, complying with government legislation/regulation, and making their financial statements available to the public.

It is important for charities to keep high standards of accountability by following the federal and provincial laws of fundraising, keeping good books and records, and filing the annual Charities Information Return (the T3010).

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