Social Impact Newsletter

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February 11, 2014

Displaying 11-13 of 13

New Revocation Offence – Accepting Donations from State Supporters of Terrorism

The Budget introduces a new revocation offence that is intended to curb abuse by foreign state sponsors of terrorism. The Budget proposes that any registered charity or registered Canadian amateur athletic association (RCAAA) that accepts a donation from a foreign...

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Consultation on Non-Profit Organizations

Over the past three years, CRA conducted an NPO Risk Identification Project. This project involved audits of a broad range of non-profit organizations (NPOs) to determine their compliance with the existing tax requirements. It was expected that a report on...

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Tax Shelter Exemption for Donations of Cultural Property Removed

The Budget introduces a change that is designed to curb the misuse of the regime for donations of cultural property through abusive tax shelters. Under the Tax Act, special deeming provisions apply to gifted property that was acquired by the...

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Displaying 11-13 of 13