December 27, 2011
Posted by Mark Blumberg on 12/27 |
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Canadian Charity Law
Here is a great piece by Katherine Van Kooy in the Calgary Herald entitled ‘Charity rankings often don’t tell the full story’. Katherine van Kooy is the president and CEO of the Calgary Chamber of Voluntary Organizations (CCVO).
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Here is the CRA’s Annual Report to Parliament for 2010-2011. It is 173 pages long. There are a number of references to charities which I have reproduced below.
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December 21, 2011
Scarfone Hawkins LLP has announced that a there is a settlement of the Banyan Tree class action lawsuit, subject to court approval. On their website they state: “Settlement of Action This action has been settled. The settlement is subject to court approval. A court approval hearing will take place on January 17, 2012, at 10:00 a.m. at 361 University Avenue, Toronto, Ontario. The settlement agreement and distribution plan will be published here prior to the hearing date.” This was the first class action lawsuit brought in the area of the “abusive charity gifting tax schemes”. On the Scarfone Hawkins website there is a lot of interesting detail and background including an FAQ.
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December 20, 2011
It is the time of year that many are thinking about and giving to charity. The Federal government sent out a press release stating “We encourage Canadians to donate generously but also to do their homework to ensure that the funds they donate will be put to good use.” I cannot emphasize enough the importance of avoiding charity schemes or investments that promise you tax savings greater than the amount of your investment and also doing your due diligence on the charity that you are donating to. You might find a new micro-site I am working on helpful - http://www.smartgiving.ca
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December 10, 2011
In Sarsonas v. The Queen, 2011 TCC 559 (December 8, 2011) Sheridan J. delivers a decision on a claim by Mr. Sarsonas that he donated thousands of dollars to charity. Sheridan J. describes in detail a scheme in which some tax preparers prepared false receipts for their clients and were paid 10% of the face value of the receipts. Sarsonas lost at the Tax Court. One may think that this sort of receipting is an isolated event however according to CRA over 100,000 Canadians have submitted false receipts and another 175,000 Canadian haves been involved in abusive charity gifting tax schemes.
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December 09, 2011
The CRA just put out a press release entitled “The Canada Revenue Agency revokes the charitable status of the Canadian Foundation for Tamil Refugee Rehabilitation”.
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December 01, 2011
Here are the CRA’s “Program areas and field codes” for the T3010 Registered Charity Information Return and the TF725 Registered Charity Basic Information Sheet (BIS). These codes are needed when you are completing the T3010. As well they are useful if you are searching T3010 data to fine tune the areas of charitable work.
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