The following is now available on the CRA Web site: FACT SHEET: Starting April 1, 2008, the Canada Revenue Agency (CRA) will apply the compliance refund hold legislation to the following corporate entities that are exempt from paying federal income tax under subsection 149(1) of the Income Tax Act: * municipalities * universities * schools * hospitals * non-profit organizations * federal crown corporations * Indian band councils The compliance refund hold legislation, which became effective on April 1, 2007, requires the CRA to withhold the payment of rebates and refunds until all required returns under the Income Tax Act, [More]