Liability

Summary policy

Date
October 25, 2002 (Revised September 13, 2005)

Reference number
CSP-L01

Key words

Liability - Revocation - Revocation tax

Policy statement

A person who receives property from a revoked charity after the time that is 120 days before the deemed year-end of the charity, is jointly and severally, or solidarily, liable with the revoked charity for the revocation tax payable under the Income Tax Act.

References

• Summary policy CSP-R12, Revocation
• Summary policy CSP-R24, Revocation
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 188(1), (1.1) and (2)