www.charitylaw.ca
www.carters.ca
•On an earlier date (likely in
June 2012), Appendix B of CRA Guidance - CG-002 “Canadian
Registered Charities Carrying Activities Outside of Canada”
was amended
•It is now titled “What if a
charity wants to transfer capital property to a non-qualified
donee in a foreign country?”
•CRA has now made it much more
challenging for a charity operating in a foreign jurisdiction to
transfer ownership of capital property to a non-qualified
donee:
–Transferring such ownership is
now only permitted in the following three
circumstances:
§If the
jurisdiction in which the charity operates prohibits foreign ownership
of capital property
30