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
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