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ARTICLE · 16 DECEMBER 2013

CRA Comments On Non-Profit Organization Risk Identification Project

Borden Ladner Gervais LLP
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During the Canada Revenue Agency ("CRA") roundtable session at the recent 65th Canadian Tax Foundation Annual Conference, the CRA was asked to provide an update with respect to its Non-Profit Organization Risk Identification Project.

CanadaCorporate/Commercial Law
Camille Jordaan
Camille Jordaan
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​During the Canada Revenue Agency ("CRA") roundtable session at the recent 65th Canadian Tax Foundation Annual Conference, the CRA was asked to provide an update with respect to its Non-Profit Organization Risk Identification Project. This project was commenced three years ago and wrapped up just this past summer. 

During the course of the project, the CRA examined 1437 non-profit organizations ("NPOs") out of the 35,000 it reportedly has in its database. The purpose of the project, said the CRA, was to see if there were any risks with respect to NPOs and to identify those risks, warning signs of which include a high level of business activity and huge reserves.  When discussing red flag areas in the NPO sector, the CRA specifically mentioned NPOs involved in the insurance industry. 

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