Another CRA letter on why particular association does not qualify for tax exemption as NPO
Posted by .(JavaScript must be enabled to view this email address) on 06/16/2011 | comments (0) | permalink | forward to a friend
Posted under News | What's New from the Charities Directorate of CRA | Canadian Charity Law
Posted under News | What's New from the Charities Directorate of CRA | Canadian Charity Law
Another CRA letter on why particular association does not qualify for the tax exemption contained in paragraph 149(1)(l) of the Act because “The Association is operating a retail operation with the intention of earning a profit.”
Here is the CRA summary of the letter;
PRINCIPAL ISSUES: In our view, does the Association qualify for the tax exemption contained in paragraph 149(1)(l) of the Act?
POSITION: No.
REASONS: The Association is operating a retail operation with the intention of earning a profit.
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