The Canada Revenue Agency has issued new guidance for charitable organizations carrying out community economic development activities.
This guidance explains the Charities Directorate’s interpretation of the relevant common law (case law or court decisions) and legislation (the Income Tax Act). It sets out the criteria the Charities Directorate uses to determine whether an organization that engages in community economic development (CED) activities that further charitable purposes may be eligible for registration as a charity under the Income Tax Act.