New numbers from CRA identify that “As of March 31, 2014, the CRA has denied more than $6.3 billion in donation claims and reassessed over 190,000 taxpayers who participated in these gifting tax shelters. The CRA has also assessed more than $162 million in third party penalties against promoters and tax preparers.”
For more information see: http://www.cra-arc.gc.ca/tx/bsnss/tpcs/txshltrs/gftng-eng.html

Mark Blumberg
Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.