Lang & O’Leary Exchange deals with charity tax shelters - interview with Mark Blumberg
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Posted under News | What's New from the Charities Directorate of CRA | Canadian Charity Law | Ethics and Canadian Charities | Avoiding 'Charity' Scams
Posted under News | What's New from the Charities Directorate of CRA | Canadian Charity Law | Ethics and Canadian Charities | Avoiding 'Charity' Scams
On September 15, 2010 I appeared on the Lang & O’Leary Exchange to discuss charity gifting tax shelters and the ongoing CRA crackdown.
Here is the link and the segment appears at about 46:08 to 52:01:
http://www.cbc.ca/video/#/News/Money/Lang_&_O’Leary_Exchange/1319430780/ID=1592351530
http://www.cbc.ca/video/#/News/Money/Lang_&_O’Leary_Exchange/ID=1592351530
Kevin O’Leary commented on charity gifting tax shelters: “But in the end I just listen to that and say to myself of course that is a scam and of course you are going to get nailed. Why would anyone ever do that? It sounds so dumb.”
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You liked Kevin’s comment about it sounding dumb….I liked your response to why people do it “maybe people are lonely and they want to spend a lot of time with CRA which is what they’ll end up doing..”. Zing! Great comments, thanks for standing up for the sector by explaining this is a very very small segment of almost 90,000 charities.