These changes have not yet received much attention from charities or charity lawyers, probably because of the more immediate impact of some of the other changes announced, including the introduction of intermediate sanctions, a new tax appeal process, and significant amendments to the disbursement quota spending requirements. One of the most important changes in the long term is likely to be the introduction of increased transparency requirements for both charities and the Canada Revenue Agency.Īmong the very substantial changes to the Canadian charity tax regime announced as part of the March 2004 federal budget were a number of transparency initiatives. The 2004 Canadian budget introduces major changes to the regulatory regime for charities. Of Not-for-Profit Law Volume 6, Issue 3, June 2004 By Robert B.
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