In Newsletter 33, CRA identified various registered charities that have had their registered charity status revoked for involvement in tax shelter gifting arrangements.
In Newsletter 33 (http://www.cra-arc.gc.ca/E/pub/tg/charitiesnews-33/charitiesnews-33-e.html), CRA advised as follows:
``Tax shelter-related revocations
In 2009, the following charities had their registration revoked due to tax shelter-related non-compliance. At each link below, you can read a summary of the related revocation. For more general information about tax shelters, see What is a tax shelter? on http://www.cra-arc.gc.ca/gncy/lrt/vshlt-eng.html#q1
The Millennium Charitable Foundation: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m01/nr090112-eng.html
The Children’s Emergency Foundation: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m05/nr090511-eng.html
Living Waters Ministry Trust: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m06/nr090608b-eng.html
Healing and Assistance Not Dependence Canada: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m06/nr090608-eng.html
Jesus El Buen Pastor Spanish Pentecostal Church of Toronto: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m08/nr090810-eng.html
Funds for Canada Foundation: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m08/nr090810b-eng.html
New Hope Ministries Institute: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m09/nr090908-eng.html
Alberta Distribution Relief Agency Aid Society International: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m09/nr090914-eng.html
The CRA is reviewing all tax shelter-related donation arrangements (for example—schemes that typically promise donors tax receipts worth more than the actual amount of the donation) and it plans to audit every participating charity, promoter, and investor. ``
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.