Charitable tax shelter schemes leave donors out thousands

A recent news story on CTV highlights the importance of donating only to legitimate charities.

“If you made a big charity donation in the past few years in exchange for a hefty tax return, many times greater than your donation, you may be the victim of a huge tax scheme, and Canada Revenue Agency officials are about to catch up to you.”

Read the full story on CTV’s website.

For further information on donating wisely and avoiding fraud, check out this checklist on CRA’s website.

 

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Posted on April 14, 2014, in Personal Tax and tagged , . Bookmark the permalink. Leave a comment.

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