We have provided two letters recently released by the Canada Revenue Agency.
The first letter from CRA discusses whether a donation to a fund maintained and controlled by a municipality constitutes a gift for income tax purposes. The second letter from CRA discusses whether an estate can be a graduated rate estate before the actual designation as such is made on filing its tax return through the application of the charitable gifting rules in the Income Tax Act (Canada).
Related Posts
July 23, 2021
Lots of media coverage on the Justice Centre for Constitutional Freedoms, which is a registered charity in Canada
A few weeks ago a Canadian registered charity called the Justice Centre for Constitutional Freedoms (JCCF) was involved in a scandal when it was…
July 9, 2021
Good news for Alberta and New Brunswick non-profits that wish to move to the Federal Canada Not-for-profit Corporations Act (“CNCA”)
Corporations Canada has made it easier for Alberta non-profit corporations under the Societies Act (Alberta) and New Brunswick non-profits under the…
July 1, 2021
New Ontario Business Registry
I recently received this note from the Ontario Government when I signed up for a mailing list relating to the new Ontario Business Registry (OBR)…