By Ottawa, Ontario, January 11, 2013... The Canada Revenue Agency (CRA) will revoke the registration of Trinity Divine Outreach Ministries, a Scarborough-based charity. The notice of revocation will be published in the Canada Gazette with an effective date of January 12, 2013.
On November 30, 2012, and in accordance with subsection 168(1) of the Income Tax Act, the CRA issued a notice of intention to revoke the registration of Trinity Divine Outreach Ministries as a charity. The letter stated, in part, that:
The Canada Revenue Agency's (CRA) audit has revealed that the Organization has not complied with the requirements of the Income Tax Act through its participation in a donation arrangement promoted by Innovative Gifting Inc. As a direct result, the Organization issued 40 donation receipts for a total exceeding $1.1 million for shares purportedly traded on the Frankfurt Stock Exchange. It is the view of the CRA that the shares for which the tax receipts were issued did not legally qualify as gifts; that the Organization failed to demonstrate that it had actually received the tax-receipted shares; and that the Organization failed to report the fair market value of the shares purportedly gifted.
A copy of the notice of intention to revoke and other letters relating to the grounds for revocation are available to the public on request, in the language they were originally written, by calling 1
