Canada Revenue Agency to ease burden on tax exempt corporations

By Government of Canada, Canada Revenue Agency

The Canada Revenue Agency (CRA) recently concluded its review and has determined that refunds or rebates will not be withheld from tax-exempt incorporated municipalities, universities, schools, hospitals (MUSH), non-profit organizations (NPOs), federal crown corporations, and Indian band councils when they have outstanding T2 returns. This decision effectively adopts indefinitely the CRA’s 2008 administrative position on this issue.

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Source: Canada Revenue Agency