By: Alexandra Tzannidakis When the Liberals came into power last year, the new Minister of National Revenue announced that she was putting a halt to the “political activities” audit of charities that the previous administration had been conducting for the past few years. In practice, this meant that the charities in line to be audited […]
By: Arthur Drache, C.M., Q.C. Under the Income Tax Act [1] Indian Bands which qualify as public bodies performing a function of government in Canada are exempt from tax. But for years the issue was always how to determine what activities were required to meet the test. This was often the subject of ruling request […]
By: Kara Johnson On November 8, the CRA issued Income Tax Folio S7-F1-C1, Split-receipting and Deemed Fair Market Value. The Folio Chapter replaces and cancels Interpretation Bulletin IT-110R3, Gifts and Official Donation Receipts and Income Tax Technical News No. 26 (ITTN 26). Most of the content of the Folio is either merely restating or rewording […]
By: Sukhdeep Singh Sembi Following the dissolution, earlier this year, of the political activities audit program, the CRA wishes to receive input from the public in order to modernize the rules regarding political activities for charities. The process will consist of email submissions and in-person consultations with representatives from the charity sector moderated by an […]
By: Adam Aptowitzer Practically every tax professional in the country has had to deal with the situation which arises when the CRA bases its reassessing position on the basis of an oral comment to the CRA. The difficulty is that there is no proof the comment was made or it may have been the result […]
By: Alexandra Tzannidakis When the Liberals came into power last year, the new Minister of National Revenue announced that she was putting a halt to the “political activities” audit of charities that the previous administration had been conducting for the past few years. In practice, this meant that the charities in line to be audited […]
By: Karen Cooper As part of a legislative package intended to promote corporate transparency and diversity, Bill C-25 An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act and the Competition Act (“Bill C-25”) introduces changes to various federal corporate laws. The main purpose of Bill C-25 […]
by: Sylvie Lalonde When people agree to join a board of directors, it is usually because they have an interest in or passion for the work of the organization. Most directors want and are committed to fulfilling their duties and responsibilities, including devoting the time to fully prepare for, regularly attend and participate in board […]
By: Arthur Drache Revenue Minister Diane Lebouthillier has announced[1] that the CRA will collaborate with the Department of Finance to engage with charities to clarify the rules governing political activities. The online consultations are now open, and the in-person consultations which will be held in six cities across Canada will follow at a later […]
By: C. Yvonne Chenier, Q.C. Charitable food banks have been in the news lately. In Europe, the Government of France passed laws to stop supermarkets from throwing away food and instead making them donate it to charities and food banks. In California, where there is a sales tax on disposable diapers, a proposed bill […]