www.carters.ca
www.charitylaw.ca
•Second,
Budget 2012 introduces new intermediate sanctions
–Where a registered charity exceeds the limits in the ITA for political contributions (generally 10% of its total resources a year), CRA can impose a one year suspension of tax receipting privileges (in addition to revocation)
–Where a registered charity fails to
report any information (not just political
activities) that is required to be included
on a T3010 annual return, CRA can
suspend its tax receipting privileges until CRA notifies the charity that it has received the required information
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