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Learn about the Canadian Chamber of Commerce’s response to the federal government’s examination into the activities and sources of revenue of not-for-profit organizations (NFPs) in this letter shared by Chartered Professional Accountants of Canada (CPA Canada).
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The Canada Revenue Agency’s increased auditing of NFPs to identify and address cases of abuse of tax exempt status has involved issuing these organizations “education letters” about their level of compliance with tax laws. The Canadian Chamber of Commerce has written to the Minister of National Revenue to express the concerns of its members about the negative effects of these letters, and to seek clarification on their purpose and the broader objective of these audits.
CPA Canada is making this letter available so that members are aware of the chamber’s effort to explain to the federal government the impact of its NFP research and education program.
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February 26, 2018
Embrace change and make an impact on your not-for-profit (NFP) with insights from industry experts and leaders.
November 16, 2017
From podcasts to virtual classrooms and online courses, there are multiple ways to meet your 2017 CPD requirements online and on the go.