10-31-2018, 09:50 AM
|
#48
|
|
Franchise Player
Join Date: Aug 2005
Location: Memento Mori
|
Could be one of these:
https://www.theglobeandmail.com/cana...on-dollar-tax/ (Paywall)
Quote:
Revelations that wealthy Canadians are getting multimillion-dollar tax breaks for charitable donations that do not go to working charities are prompting calls for more powers for federal tax auditors and stricter rules on how much money foundations must give away.
“It is fair to say we are largely asleep in Canada about this," said Toronto charity lawyer Mark Blumberg, who stressed he was speaking in general, not about any specific groups. “Because of the huge tax advantages of the charity system, we probably need to have more audits."
Canada has two types of charities: Foundations are required to bring in donations solely to fund charity, while registered charities are supposed to spend money doing good works.
Several people in the charity sector are urging action as a result of a Globe and Mail investigation that discovered a web of highly unusual arrangements set up by Vancouver lawyer Blake Bromley, who said he has facilitated some $2-billion in donations over four decades, most to charities his law firm set up.
|
__________________
If you don't pass this sig to ten of your friends, you will become an Oilers fan.
|
|
|