Is the CRA Fundraising Guidance a change in CRA’s position?
Published under: Fundraising Guidance for Registered Charities
“Has the Canada Revenue Agency (CRA) changed its position on fundraising by charities? No.”
The CRA in its Fundraising Guidance notes:
“The CRA has not changed its position on fundraising by charities. This guidance updates and replaces Policy Statement CPS-001, Applicants that are Established to Hold Periodic Fundraisers, and provides more detailed information on the current treatment of fundraising under the Income Tax Act and under common law. The guidelines ensure that registered charities are aware of the CRA’s perspective on fundraising in general, and the appropriate reporting of fundraising expenditures.”
To review the CRA Fundraising Guidance see “How do I find the CRA Guidance on Fundraising for Canadian charities?” at
http://www.canadiancharitylaw.ca/index.php/blog/comments/how_do_i_find_the_cra_guidance_on_fundraising_for_canadian_charities/
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