January 18, 2009
CRA revokes the registered status of Little League Baseball Canada
In a news release on the Canada Revenue Agency (CRA) web site, the CRA has revoked the status of Little League Baseball Canada as a registered Canadian amateur athletic association (RCAAA), effective January 10, 2009. According to the web site, the following notice of revocation was published in the Canada Gazette:
"For issuing more than $82 million in donation receipts for abusive transactions arising from its role as a participant in a tax shelter arrangement that, in the opinion of the Minister, do not qualify as gifts, notice is hereby given, pursuant to paragraph 168(1)(d) of the Income Tax Act, that I propose to revoke the registration of the organization listed below. In accordance with subsection 168(2) of the Income Tax Act, the revocation of registration is effective on the date of publication of this notice."
For more information on this news release, please see the CRA web site at:
http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m01/nr090112b-eng.html
Posted by Taxes.ca Editorial Team [permalink]
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