New CRA Guidline has a CLT section

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As community economic development groups have responded (such as Centre for Social Innovation), Canada Revenue Agency recently released the new guideline for Community Economic Development activities in relation to charitable status (see the guideline from here).

As BC Centre for Social Enterpise points out, the previous guideline only dealt with Community Land Trust as a postscript. Often time, the CLT’s applications for the charitable status were evaluated on a case-by-case basis. But the recent guideline has its separate section about CLT (two paragraphs).

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