Since the global economic crash of 2008, the Internal Revenue Service (IRS) in the U.S. has been trying to find other ways to generate income and much needed revenue. One avenue they are pursuing aggressively involves trying to stem tax evasion by U.S. citizens who are purposely hiding their funds in offshore accounts.

According to data received by the Washington-based International Consortium of Investigative Journalists and released through newspapers around the globe, some 120,000 companies […]

A technical interpretation published recently by the CRA addresses the tax treatment of fundraising events organized by individuals.  While many of the factual details of the event are redacted from the published document, the technical is nonetheless revealing of certain issues that should be considered when organizing individual fundraising events.

On the basis of the facts provided in the technical, an individual appears to have organized a fundraising event in which donations and pledges were […]