The CRA has just released another letter on the issue of whether a non-profit that is not a registered charity qualifies as a non-profit as opposed to being a for-profit taxable entity. This letter covers “Does a Hall Charities Association meet the requirements of paragraph 149(1)(l) of the Act?”
CRA concludes that it might or might not depending on the facts and that more information is required to make such a determination.
Here is a copy of the CRA letter on Charities Hall Association and whether they are non-profit under 149(1)(l) of the Income Tax Act.
Related Posts
February 25, 2021
Upcoming Webinars for the Canadian Charity Law Association
The Canadian Charity Law Association is delivering some upcoming webinars. Registration is free but space is limited. Topics are subject to change.…
February 21, 2021
Revised P113 – Gifts and Income Tax 2020 – deals with tax benefits of donating to charities
2020 was a turbulent year. The CRA has updated their document P113 – Gifts and Income Tax for 2020. The P113 is a helpful guide to the tax…
February 21, 2021
Lengthy CRA FAQ on the Canada emergency wage subsidy (CEWS)
Here is a long CRA FAQ dealing with the CEWS which was last updated in early February, 2021: Canada Revenue Agency Frequently asked questions…