C-470: An Act to amend the Income Tax Act (revocation of registration), Albina Guarnieri (Mississauga East – Cooksville)
Description: This enactment amends the Income Tax Act to revoke the registration of a charitable organization, public foundation or private foundation if the annual compensation it pays to any single executive or employee exceeds $250,000. Status: In April 2010 the bill passed second reading in the House by a resounding 280-3. Of significance is the fact that it received all-party support with the Prime Minister voting in favour of the Bill.
Keywords: income, taxes
