The Canada Revenue Agency Revokes the Registration of Ecotecture: Centre for Ecological Art and Architecture

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 12/12/14 -- Canada Revenue Agency
The Canada Revenue Agency (CRA) will revoke the registration of Ecotecture: Centre for Ecological Art and Architecture. The notice of revocation will be published in the Canada Gazette with an effective date of December 13, 2014.
On October 29, 2014, and in accordance with subsection 168(1) of the Income Tax Act, the CRA issued a notice of intention to revoke the registration of Ecotecture as a charity. The letter stated, in part, that:
Registered charities perform valuable work in our communities, and Canadians support this work in many ways. The CRA regulates these 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.
The CRA is committed to protecting Canadians from abusive tax shelter gifting schemes and audits every gifting tax shelter scheme brought to its attention. To date, not a single gifting tax shelter audited has been found to comply with the Income Tax Act. Registered charities participating in gifting tax shelter schemes risk losing their registration.
An organization that has had its registration as a charity 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.
For more information about the registration of Canadian charities or to find out more about a registered charity, go to the CRA's Charities and Giving Web page at .
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Contacts:
Noel Carisse
Media Relations
Canada Revenue Agency
613-952-9184
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Bereitgestellt von Benutzer: Marketwired
Datum: 12.12.2014 - 20:44 Uhr
Sprache: Deutsch
News-ID 359192
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OTTAWA, ONTARIO
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