Posts tagged tax exemption
Bill C-470: An Act to Amend the Income Tax Act (Disclosure of Compensation For Registered Charities)

With the dissolution of Parliament on March 26, all bills that had not received Royal Assent, including Bill C-470 on compensation disclosure for registered charities, have been terminated. Bills cannot be reinstated; however, a new bill with the same or similar intent to that of Bill C-470 could be reintroduced in the next Parliament. MP Albina Guarnieri, who originally sponsored the Bill C-470, is not seeking re-election, so another member of parliament would have to introduce the bill.

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Calgary Business Tax Exemption Bylaw

The City of Calgary exempts certain types of organizations from paying business tax in recognition that in some cases, the use of a property itself returns enough community benefit that the organization should be relieved of tax obligations. This reduces the tax burden on eligible nonprofit organizations so they can provide services, support and/or programs to Calgarians.

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