On May 1, 2013 the Federal Court of Appeal delivered its judgement in Prescient Foundation v. M.N.R.: 2013 FCA 120. The judgement was delivered by Mr. Justice Mainville. This case was an appeal brought by the Prescient Foundation against a...
In a recent case, the Federal Court confirmed that the CRA is obliged to examine and assess a tax return with “all due dispatch” even if the taxpayer donated to a charitable donation shelter. In Ficek v. A.G. Canada...
The Private Member’s Bill proposing to extend the annual deadline for charitable donations has passed second reading in the House of Commons. Private Member’s Bill C-458 was introduced by Peter Braid, Member of Parliament for Kitchener-Waterloo, and proposes to amend...
The Income Tax Act has special rules relating to corporations that provide low income housing for the aged. While some of these corporations are charities, they can also be tax exempt under a separate section in the ITA. These tax...
Earlier this month, Human Resources and Skills Development Canada released a Report on its National Call for Concepts for Social Finance. The Call for Concepts was a public policy consultation initiated by HRSDC in November 2012 seeking public submissions on...