"Hold the Cookies - The CRA Outlaws Bake Sales for Not-For-Profits",
Tax Topics, August 2010
Date:
August 19 2010
Samantha Iorio and Sebastian Elawny discuss how the CRA has recently taken the position that a non-profit organization ("NPO") that intentionally undertakes an activity to generate a profit to fund its objects will fail to qualify for the exemption from Part 1 tax under paragraph 149(1)(/) of the Income Tax Act in "Hold the Cookies - The CRA Outlaws Bake Sales for Not-For-Profits", CCH Canadian Limited's newsletter Tax Topics No. 2006, August 19, 2010.
Reprinted by permission from CCH Canadian Limited.
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