The Toronto Sun has written a followup article on the involvement of the mayor of London, Ontario in a type of tax shelter that CRA refers to as an “abusive charity gifting tax shelter.” The Toronto Sun notes “As choppy political waters rock London mayor Joe Fontana locally, a charity he heads said it’s cutting ties with a tax shelter criticized by Canada Revenue Agency (CRA).”
Fontana-led charity cuts ties with ‘sham’ tax shelter
http://www.torontosun.com/2012/11/04/fontana-led-charity-cuts-ties-with-sham-tax-shelter
Related Posts
April 19, 2021
2021 Canadian Federal Budget – How will it affect the Canadian charitable sector?
A lot has changed in 2 years when the last Federal budget was delivered. Today, Canadian Finance Minister Chrystia Freeland has introduced a Federal…
April 19, 2021
Upcoming Webinars for the Canadian Charity Law Association
The Canadian Charity Law Association is delivering some upcoming webinars. Registration is free but space is limited. Topics are subject to change.…
April 14, 2021
If a charity official donation receipt does not have all mandatory elements then it can be invalid
In a recent Federal Court of Appeal case called Kueviakoe v. Canada, the court decided that an official donation receipt lacking certain basic or…