Canada Revenue Agency recently released a new CRA guidance, CG-026, Relieving conditions attributable to being aged and charitable registration that replaces the previous CPS-002 Relief of the Aged CRA guidance. 

The new guidance explains how CRA interprets and applies the law as it relates to relieving conditions attributable to being aged and charitable registration. CRA has indicated that they will be conducting a post-implementation review within one year after the publication of this guidance product and amendments could be made following this review. CRA has suggested that the public provide their comments and suggestions on the new guidance here.