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Archives for Businesses - Tax information newsletter

Canada Revenue Agency to ease burden on tax exempt corporations

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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