The article focuses on the challenges facing the Canada Revenue Agency (CRA) in investigating cases filed by taxpayers claiming tax credits for questionable charitable donation programs. The CRA issues third-party requirements under section 231.2 of the Income Tax Act to obtain necessary information ...
On 23 January 2025, the Department of Finance released draft income tax legislation (and related explanatory notes) to extend the deadline for taxpayers to make charitable donations that qualify for tax support for the 2024 taxation year. On the same day, the Canada Revenue Agency (CRA) ...
Hi there! I'm curious to know if anyone has found an app that automates the creation of donation receipts for charitable donations. Canada Revenue Agency has some very specific requirements for these receipts. I'm working with a nonprofit client who has
make sure to get a receipt. You don't need to submit your receipts along with your income tax return, but do keep them in a safe place for five years in case the CRA asks to see them. Once all your receipts are together, you will need to figure out which donations you'd like to...
includes special provisions for making a one-time qualified charitable distribution from an IRA of no more than $50,000 to a charitable remainder annuity trust (CRAT), charitable remainder unitrust (CRUT) orcharitable gift annuitys (CGA)]. Special rules apply to these donations so get advice ...
This article presents a summary of the important rules, CRA interpretations, and possible tax strategies. Although the CRA's views are not law, individuals planning to make large donations at death will want to keep these views in mind. 展开 ...
This article presents a summary of the important rules, CRA interpretations, and possible tax strategies. Although the CRA's views are not law, individuals planning to make large donations at death will want to keep these views in mind.Ball...
CRACanada Revenue AgencyCharitable OrganizationsCanadian Tax LawSocial EnterpriseWith the emerging social enterprise sector, budding ideas in community development, an interest resurgence in local affairs, ever-higher public debt, and the ever-shrinking purchasing power of our dollar due to the poor and...