Collection

Summary policy

Date
November 3, 2005

Reference number
CSP-C26

Key words

Collection

Policy statement

Under the Income Tax Act, the Minister may collect taxes and penalties from a registered charity that does not comply with the provisions of the Act.

The collection-commencement day in respect of an amount is:

• in the case of an amount assessed as a revocation tax, one year after the day on which the notice of intention was mailed
• in the case of an amount assessed as a financial penalty, one year after the day on which the notice of assessment was mailed

References

• Summary policy CSP-R24, Revocation
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 225.1(1) and (1.1)