Summary Policy

Date
November 3, 2005

Reference Number
CSP - C26

Key Words
Collection

Policy Statement

Under the Income Tax Act, the Minister may collect taxes and penalties from a registered charity that does not comply with the provisions of the Act.

The collection-commencement day in respect of an amount is:

• in the case of an amount assessed as a revocation tax, one year after the day on which the notice of intention was mailed;
  
  
• in the case of an amount assessed as a financial penalty, one year after the day on which the notice of assessment was mailed.

References

• Assessment, CSP-A27.
• Financial Penalties, CSP-F17.
• Objection, CSP-O05.
• Revocation Tax, CSP-R24.
• Sanctions, CSP-S17.
• Tax Court of Canada, CSP-T09.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 225.1(1) and (1.1).