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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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Entering CPA Canada’s Awards of Excellence in Corporate Reporting is simple. Submit your 2016 corporate reporting materials online.
September 18, 2017
Jointly presented by CPA Canada and CPA Ontario, The ONE is the must-attend, multi-track event of the year, designed for all CPAs who want to be at the top of their game.