Tax shelter gifting arrangement revocations

December 28, 2009 | By: .(JavaScript must be enabled to view this email address) Mark Blumberg
Topics: News, What's New from the Charities Directorate of CRA, Canadian Charity Law, Avoiding 'Charity' Scams

In Newsletter 33, CRA identified various registered charities that have had their registered charity status revoked for involvement in tax shelter gifting arrangements.

In Newsletter 33 (http://www.cra-arc.gc.ca/E/pub/tg/charitiesnews-33/charitiesnews-33-e.html), CRA advised as follows:

``Tax shelter-related revocations

In 2009, the following charities had their registration revoked due to tax shelter-related non-compliance. At each link below, you can read a summary of the related revocation. For more general information about tax shelters, see What is a tax shelter? on http://www.cra-arc.gc.ca/gncy/lrt/vshlt-eng.html#q1

The Millennium Charitable Foundation: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m01/nr090112-eng.html

The Children’s Emergency Foundation: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m05/nr090511-eng.html

Living Waters Ministry Trust: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m06/nr090608b-eng.html

Healing and Assistance Not Dependence Canada: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m06/nr090608-eng.html

Jesus El Buen Pastor Spanish Pentecostal Church of Toronto: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m08/nr090810-eng.html

Funds for Canada Foundation: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m08/nr090810b-eng.html

New Hope Ministries Institute: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m09/nr090908-eng.html

Alberta Distribution Relief Agency Aid Society International: http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m09/nr090914-eng.html


The CRA is reviewing all tax shelter-related donation arrangements (for example—schemes that typically promise donors tax receipts worth more than the actual amount of the donation) and it plans to audit every participating charity, promoter, and investor. ``

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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.

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