I-3 - Taxation Act

Section 985.43 Disposition versions

2011-12-09

985.43. The Minister may, in the manner described in sections 1064 and 1065, revoke the recognition

(a)  of a recognized political education organization, if it has entered into a transaction (including a gift to another recognized political education organization) and it may reasonably be considered that a purpose of the transaction was to avoid or unduly delay the obligation to expend amounts on educational activities promoting Québec sovereignty or Canadian unity;

(b)  of a recognized political education organization, if it may reasonably be considered that a purpose of entering into a transaction (including the acceptance of a gift) with another recognized political education organization to which paragraph a applies was to assist the other recognized political education organization in avoiding or unduly delaying the obligation to expend amounts on educational activities promoting Québec sovereignty or Canadian unity; and

(c)  of a recognized political education organization, if it has in a taxation year received a gift of property from another recognized political education organization with which it does not deal at arm’s length and it has expended, before the end of the next taxation year, in addition to its disbursement quota for each of those two taxation years, an amount that is less than the fair market value of the property, on educational activities promoting Québec sovereignty or Canadian unity carried on by it or by way of gifts made to a qualified donee with which it deals at arm’s length.

2004, c. 21, s. 243; 2011, c. 34, s. 60.

2006-03-01

985.43. Where a recognized political education organization has made a gift to another recognized political education organization and it may reasonably be considered that one of the main purposes of making the gift was to unduly delay the performance of the obligation to expend amounts on educational activities promoting Québec sovereignty or Canadian unity, the Minister may, in the manner described in sections 1064 and 1065, revoke the recognition of the recognized political education organization that made the gift and, where it may reasonably be considered that the organizations acted in concert, of the other recognized political education organization.

2004, c. 21, s. 243.