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Notice of Intent to Revoke

By Drache Aptowitzer LLP | 3 Minutes Read May 11, 2016

Like pornography – The Court will know major T3010 inaccuracies when it sees them

In most cases the application of law is conceptually simple the law is transgressed and a punishment applies. Unfortunately, in the charity world nothing is simple. When a charity is found to have transgressed the law the Charities Directorate may decide on a range of options. One widely used mechanism is the Compliance Agreement (a “CA”) in which the Directorate identifies the offence and the charity promises not to do it anymore. If (and when) the Directorate audits again it almost always moves directly to revocation if the charity is again (or still) offending in the same way.

Article by Drache Aptowitzer LLP / Not for Profit / Canada Revenue Agency, Charities Directorate, compliance agreement, CRA, financial statements, good faith attempt, Income Tax Act, Notice of Intent to Revoke, risk management, T3010 annual return, T3010 inaccuracies

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