Topics: What's New from the Charities Directorate of CRA, Canadian Charity Law, Canadian Charity Statistics
In a presentation to E&Y Gary Huenemoeder of the Charities Directorate provided certain updated audit statistics for 2016-2017 which shows the outcomes of the CRA's completed audits.
•Audits completed –652
•Clean audits –38
•Education letters issued –387
•Compliance Agreements –142
•Voluntary Revocation –17
•Notice of Intent to Revoke -39
•Penalties and Sanctions –3
Gary also identified common reasons for revocation which include:
•Foreign activities lack of direction and control
•Gifting to non-qualified donees
•Inadequate books and records
•Lack or minimal devotion of resources to charitable activities
•Participation in a registered or unregistered tax shelter
Do you require legal advice with respect to Canadian or Ontario non-profits or charities?
Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.