Ryma regularly advises registered charities and non-profit organizations on the income tax implications of their transactions and activities, including revenue generating activities, gifting and receipting, fundraising activities, working with intermediaries both in Canada and internationally, and granting to non-qualified donees. Ryma is frequently involved in the establishment of charitable organizations and foundations, guiding them through their start-up phase and interactions with the Canada Revenue Agency and assisting during their ongoing existence and dissolution. She also advises clients on corporate governance matters and provincial laws that apply to charities, including the Charities Accounting Act (Ontario) and Trustee Act (Ontario), with respect to investments, endowments, and other related issues. She has experience advising on the complex income tax rules governing non-profit organizations and navigating the restrictions imposed by the Canada Revenue Agency. Ryma is often involved in complex transactions and multi-disciplinary legal projects at the firm, including mergers, acquisitions, divestitures, reorganizations, collaborations, integrations, joint ventures, and partnerships, in a broad range of industries and sectors.
Ryma is currently the Chair of the Canadian Bar Association’s Charities and Not-for-Profit Law Section, a member of the Canada Revenue Agency Technical Issues Working Group and serves on the executive of the Ontario Bar Association’s Charities and Not-for-Profit Law Section. Ryma is also a director of The Ottawa Hospital Foundation and works on multiple pro bono projects at the firm.
She is also regularly involved in numerous tax-driven transactions, including corporate reorganizations involving closely held private companies, high-net-worth individuals and estate-planning transactions. She also works in the areas of tax dispute resolution and voluntary disclosures.