The Canada Revenue Agency Revokes the Registration of the Canadian Quadraplegic Association as a Charity
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 09/14/12 -- The Canada Revenue Agency (CRA) will revoke the charitable registration of a Toronto-based charity registered under the name "The Canadian Quadraplegic Association." The notice of revocation will be published in the Canada Gazette with an effective date of September 15, 2012.
On August 2, 2012, and in accordance with subsection 168(1) of the Income Tax Act, the CRA issued a notice of intention to revoke the charitable registration of The Canadian Quadraplegic Association. The letter stated, in part, that:
A copy of the notice of intention to revoke and other letters relating to the grounds for revocation are available to the public on request, in the language they were originally written, by calling 1-800-267-2384.
An organization that has had its registration revoked can no longer issue donation receipts for income tax purposes and is no longer a qualified donee under the Income Tax Act. The organization is no longer exempt from income tax, unless it qualifies as a non-profit organization, and it may be subject to a tax equal to the full value of its remaining assets.
Registered charities receive generous tax incentives under the Income Tax Act including the ability to issue official donation receipts. To maintain this privilege, registered charities must keep adequate books and records, to allow the CRA to verify donations made to the charity, and to ensure the proper use of charitable resources. Failing to maintain adequate books and records, and improperly issuing donation receipts are serious breaches of the Income Tax Act, and each is grounds for the revocation of charitable registration.
Registered charities perform valuable work in our communities, and Canadians support this work in many ways. The CRA regulates these registered organizations through the Income Tax Act and is committed to ensuring that they operate in compliance with the law. When a registered charity is found not to comply with its legal obligations, the CRA may revoke its registration under the Income Tax Act.
For more information about the registration of Canadian charities, go to the CRA's Charities and Giving Web page at .
FOR BROADCAST USE:
The Canada Revenue Agency has announced that it has revoked the charitable registration of The Canadian Quadraplegic Association, a Toronto-based charity. The revocation will come into effect on September 15, 2012.
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Contacts:
Noel Carisse
Media Relations
Canada Revenue Agency
(613) 952-9184
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Datum: 14.09.2012 - 19:42 Uhr
Sprache: Deutsch
News-ID 183593
Anzahl Zeichen: 4077
contact information:
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OTTAWA, ONTARIO
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Local
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