Liability
Summary policy
Date
October 25, 2002 (Revised September 13, 2005)
Reference number
CSP-L01
Key words
Liability - Revocation - Revocation tax
Policy statement
A person who receives property from a revoked charity after the time that is 120 days before the deemed year-end of the charity, is jointly and severally, or solidarily, liable with the revoked charity for the revocation tax payable under the Income Tax Act.
References
- Summary policy CSP-R12, Revocation
- Summary policy CSP-R24, Revocation
- Income Tax Act, R.S.C. 1985 (5th supp.) c. 1, ss. 188(1), (1.1) and (2)
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