Paul Waldie of the Globe and Mail just wrote an article “New scrutiny on charities snares Riddell foundation” which discusses a small penalty against the Riddell private foundation for owning too many shares under the excess business holdings rules for Canadian private foundations.
New scrutiny on charities snares Riddell foundation
Here is the CRA database listing:
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Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.