CRA recently released a letter which discusses whether a council that represents different Bands in a unified manner on certain Aboriginal title and rights matters qualifies as a 'public body performing a function of government'. CRA determined that the Council would be considered a public body performing a function of government in Canada within the meaning of paragraph 149 (1) (c) of the Act and therefore no tax would be payable by the Council on receipt of funds from a trust.
To access to full CRA letter, please click here.
Related Posts
May 13, 2021
CRA adds new webinars dealing with registered charities and receipting over the next couple of weeks
CRA has announced new webinars dealing with registered charities and receipting. Here is a link. Here is the note from CRA: ……
May 7, 2021
CRA warns about tax shelter gifting schemes and the consequences of participating
CRA recently sent out an email entitled "Warning: Watch out for tax shelter gifting schemes". I am not sure if this is just regular communication or…
May 6, 2021
Update on ONCA – launch will be when new Ontario Business Registry (OBR) is ready
I asked MGCS for an update on ONCA and received the following on May 5, 2021: We are targeting to proclaim ONCA as soon as possible and will…