Bill C-48 (Technical Tax Amendments Act, 2012) which deals with many matters including split receipting received Royal Assent as on June 26, 2013. Some of the amendments affecting charities were announced over 10 years ago. These and many other technical amendments to the Income Tax Act were passed. Hopefully the time between announcing measures and the measures being enacted will never take this long.
Here is an earlier blog post where we discuss Bill C-48.
https://www.canadiancharitylaw.ca/blog/finance_moves_to_implement_outstanding_tax_amendments_affecting_charities_a/
Here is a link to the website of parliament on Bill C-48:
http://www.parl.gc.ca/legisinfo/BillDetails.aspx?Language=E&Mode=1&billId=5839600
Here is the full text of C-48:
http://www.parl.gc.ca/HousePublications/Publication.aspx?Language=E&Mode=1&DocId=6249914
Related Posts
April 1, 2020
Finance releases further information today on wage subsidy for business, non-profits and charities – more details to follow
Finance today, April 1, 2020, released further information on wage subsidies for business, non-profits and charities. The wage subsidy is about $71…
March 31, 2020
Ontario government allows all OCA corporations to have virtual meetings and extends deadlines for AGMs
The Ontario government has passed an Emergency Order (PDF) that will allow all corporations under the Ontario Corporations Act (OCA) and Ontario…
March 31, 2020
Global Affairs Canada Guidance on eligibility of COVID-19 potential costs
Global Affairs Canada has recently released a Guidance on eligibility of COVID-19 potential costs It provides that expenses such as repatriating…