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Category Archives: Charities and Not-for-Profits
De-registered
The CRA has revoked the status of two more charities that had participated in tax shelters.
Posted in Cases, Charities and Not-for-Profits
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$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 … Continue reading
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Redeemer Unredeemed
The Supreme Court of Canada today issued its decision in Redeemer Foundation v. Canada (National Revenue), 2008 SCC 46. Four members of a seven-person panel rejected the charity’s appeal from the decision of the Federal Court of Appeal.
Posted in Cases, Charities and Not-for-Profits
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Not-for-profit
BBM Canada v. The Queen, 2008 TCC 341, is a surprise, not because of the result but because of the novel position advanced by the Crown in support of the assessment in question. The organization assessed had taken the position … Continue reading
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Another loss
Another tax shelter case, another loss for the taxpayer: see Norton v. The Queen, 2008 TCC 91. It’s clear that the courts have little patience for these schemes, which is a real problem for those trying to promote legitimate shelters. … Continue reading
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Model Objects
The CRA posted a useful, albeit brief, memorandum a few weeks ago on its website about model objects for charities.
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Charities newsletter
Registered Charities Newsletter No. 29 is now available from the CRA website.
Revocation
The following is an extract from a press release posted on the CRA’s website today: The Canada Revenue Agency (CRA) has revoked the registered charity status of the Francis Jude Wilson Foundation, a Montreal-area charity. This revocation was effective February … Continue reading
Charity suspended
The Tax Court has rejected an application by International Charity Association Network under subsection 188.2(4) of the Income Tax Act (Canada) for a postponement of a suspension “of its authority to issue an official tax receipt for one year beginning … Continue reading
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News releases
The CRA issued a couple of news releases yesterday. One of them warned about RSP “scams”, and the other announced that the CRA had issued a notice of suspension to ‘International Charity Association Network.’ The Department of Finance announced today … Continue reading