The National Post had a recent article on the “Canadian Jewish charity stripped of status fights CRA over potential multi-million dollar tax bill“. In this article, journalist Ari Blaff discusses an unusual move by the CRA in the Federal Court to freeze a former registered charity’s assets by “jeopardy order,” as the CRA is concerned that the assets will not be available to pay a revocation tax liability.
As I am quoted in the article:
“This type of action by CRA is rare in the charity area and would only be used if CRA has a very significant concern that charitable funds will not be available to pay a revocation tax,” Blumberg, a leading expert on Canadian charity law, told National Post in a written statement.
“The Charities Directorate is increasingly using a risk-based approach to compliance with registered charities and is acting far more quickly today than it has in the past when there is a concern about serious non-compliance with the charity rules.”
We have blogged about the Ne’eman Foundation previously at:
The Emunim Fund is suspended by the Charities Directorate of the CRA
On Saturday CRA revokes two more charities in the Canada Gazette