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Thursday`s column looks at the Canada Revenue Agency`s continuing crackdown on so-called "buy-low, donate-high" gifting tax shelters.
Here is the August CRA alert about its stance on gifting tax shelters.
"Every audit completed to date has resulted in a reassessment of tax, plus interest," the CRA said, adding that in many cases it "has denied the `gift` completely."
http://network.nationalpost.com/np/blogs/w...not-a-gift.aspx
Here is the August CRA alert about its stance on gifting tax shelters.
"Every audit completed to date has resulted in a reassessment of tax, plus interest," the CRA said, adding that in many cases it "has denied the `gift` completely."
http://network.nationalpost.com/np/blogs/w...not-a-gift.aspx