Summary Policy

Date
October 25, 2002 (Revised September 13, 2005)

Reference Number
CSP - L01

Key Words
Liability - Revocation - Revocation tax

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

• Fiscal Period, CSP-F04.
• Revocation, CSP-R12.
• Revocation Tax, CSP-R24.
• Revocation Tax, CPC-020.
• Registered Charities and the Income Tax Act, RC4108.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 188(1), (1.1) and (2).