“A crazy tale of tax fraud” article in Financial Post by Jamie Golombek
Posted under News | What's New from the Charities Directorate of CRA | Canadian Charity Law | Avoiding 'Charity' Scams
Here is an interesting article by Jamie Golombek entitled “A crazy tale of tax fraud”. Unfortunately these types of unsophisticated schemes cost hundreds of millions of taxpayer dollars. They are referred to as receipting fraud.
There is another type of scheme that is far more costly it is referred to by CRA as “abusive gifting tax schemes”. I have written on my site about those schemes.