The Tax Treatment of Charities

Introduction Significant changes have been made in the taxation of charities for 1977 and subsequent taxation years. Thes.e changes were designed to prevent the abuse by charities of their special status and many charities may find them restrictive. The penalty for failing to follow the new rules can be severe. Registration The new rules apply…

A Kaleidoscopic View of the Charity Amendments

In the previous article “The Tax Treatment of Charities” the basic rules relating to the taxation of charities which apply to 1977 and subsequent taxation years were reviewed. In this article we have assumed that the reader is familiar with the basic rules and have focused on a number of potential problem areas in the legislation….

From the Editor

  This issue of The Philanthropist is devoted to a review of the rules under the Income Tax Act of Canada relating to charities which came into force on February 24, 1977 and apply to all charities for 1977 and subsequent taxation years. For this issue we are grateful for the assistance of Denis C. Brown…

Bookshelf

Canadian Tax Treatment of Charities and Charitable Donations, 1977, published by Richard De Boo Limited, Toronto. ARTHUR B. C. DRACHE A new book by Mr. Arthur B. C. Drache covering the taxation of charities and charitable donations in detail has recently been published. Unfortunately, a copy of the book was not received by us in time…