CRA Issues New Guidance On Housing And Charitable Registration

On February 7, 2014, the Canada Revenue Agency ("CRA") released Guidance CG-022 – "Housing and charitable registration", which discusses the CRA's administrative views on the provision of housing that: (1) relieves poverty; or (2) includes specially adapted facilities or services that assist eligible beneficiaries to overcome or manage conditions associated with disabilities or with the aged.  The new guidance touches on, among other things:

• charitable purposes with respect to housing that relieves poverty and housing that includes specially adapted facilities, services or other amenities;
• what is required when a registered charity rents housing to individuals who are not eligible beneficiaries of charitable relief; and