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In recent years, affordability in Toronto has been on a noticeable decline, with everything from rent prices to grocery bills and mortgage payments. ....
On November 27, 2020, the Canada Revenue Agency ( CRA ) released CG-029, a new Guidance on relief of poverty and charitable registration. This Guidance, which replaces Summary policy CSP-P03, Poverty, explains CRA s administrative policy on charity law, including the criteria an organization with purposes to relieve poverty must meet to be eligible for charitable registration. The following summary answers the major questions addressed in the Guidance. How Can Charities Relieve Poverty? CRA explains that in order for an organization to show that it is relieving poverty, it must establish that: its beneficiaries are experiencing poverty; and its activities provide a charitable benefit that relieves the ....