$2.5 billion

The CRA continues to talk tough on donation tax shelter schemes. And why shouldn’t it? Its boast that “In 2008, Canadian courts have continued to confirm the CRA’s position with respect to these schemes” is accurate. What I find disturbing is the claim that the CRA has denied $2.5 billion worth of donations. That’s a lot of tax on which to pay interest. That’s a lot of tax to collect years after the fact.