CRA Issues Notice of Suspension to International Charity Association Network

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News Release

Ottawa, Ontario, November 29, 2007…The Canada Revenue Agency (CRA) has issued a Notice of Suspension to International Charity Association Network (ICAN), a registered charity under the Income Tax Act (ITA), stating that it has been suspended for one year beginning on November 28, 2007.

As stated in the Notice of Suspension:

“It continues to be the Canada Revenue Agency’s (the “CRA”) view that the International Charity Association Network (ICAN) is in contravention of subsections 230(2), 231.1(1) and 231.2(1) of the Income Tax Act (the “ITA”) by failing to maintain and/or provide, and failing to provide access to, books and records relating to its involvement with tax shelter arrangements.

…… continued

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[…] Occupation: Girl wrote an interesting post today onHere’s a quick excerpt News Release Ottawa, Ontario, November 29, 2007…The Canada Revenue Agency (CRA) has issued a Notice of Suspension to International Charity Association Network (ICAN), a registered charity under the Income Tax Act (ITA), stating that it has been suspended for one year beginning on November 28, 2007. As stated in the Notice of Suspension: “It continues to be the Canada Revenue Agency’s (the “CRA”) view that the International Charity Association Network (ICAN) is in contravention of subsections […]

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