Quote:
Originally Posted by taxbuster
Nope. The amounts that are receipted are being spent on Charity, as required under the Income Tax Act. Unreceipted amounts are a non-issue in that respect. They are receipts from a lottery, and are relatively unrestricted.
I do hate to say that….
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Yeah, thats the issue. Only $471k was receipted, per CRA. $104M non receipted income. Confirmed $1,716,715 spent on charitable activities, while $83M spent on "fundraising". What are you trying to say?