www.carters.ca
www.charitylaw.ca
–CRA
has to date denied more than $5.5 billion in donation claims and
reassessed over 167,000 taxpayers who participated in gifting
tax shelter schemes
–CRA
has revoked the charitable status of 44 charitable organizations
that participated in these gifting tax shelter schemes
–Since
June 2000, the CRA has also assessed $63.5 million in third-party
penalties against promoters and tax preparers
•No
gifting arrangement or charitable donation structure has
been maintained by the Court
53