Tax shelter

Source URL

https://www.canada.ca/en/revenue-agency/services/charities-giving/charities/policies-guidance/summary-policy-t08-tax-shelter.html

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Tax shelter

Summary policy

Date
November 26, 2003

Reference number
CSP-T08

Key words

Tax shelter

Policy statement

Under the Income Tax Act, a tax shelter includes any property or gifting arrangement for which a promoter represents that an investor can claim deductions or credits which equal or exceed the cost of the property less certain benefits within a four year period.

References

  • Risks Associated with Tax Shelters, Fact Sheet, Updated November 2000
  • Tax Shelter Donation Arrangements, Fact Sheet, November 2003
  • Income Tax Act, R.S.C. 1985 (5th supp.) c. 1, ss. 237.1(1) and 248(1)


Page details

Date modified:
2003-11-26