WHAT ARE GIFTING ARRANGEMENTS
Filed Under Tax · Tagged: gifting arrangement, tax shelter
Gifting Arrangements are powerful as they provide tax savings for people who want to contribute to great humanitarian causes. Through Gifting Arrangements, Canadians can raise money much faster for charities and cases faster than most other fundraising vehicles.
The first thing you need to know is that CRA has announced that they will challenge all Gifting Arrangement Tax Shelters in Canada. You will probably be reassessed. The key factor is to pick the winners that will be able to withstand CRA’s challenge and deal with CRA through out the years and likely win in Court.
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