We are pleased to announce that our application for status as a charity under the Income Tax Act has been sent to Canada Revenue Agency (CRA). We must now be patient as we wait for the application to be reviewed. We have been told that we should expect a wait of approximately six months.
Other good news is that, according to the CRA web site, our charity status would be back dated to the most recent of: 1) our incorporation, 2) changes to our organization that makes us eligible for charity status or 3) the date of our charity application. In our case, that would be number 3, the date of our application. That means that if our application is approved by CRA, donations to Home of Grace Care Centre made after May 8, 2010 would qualify for a charitable receipt, if and when our application is approved. This is indeed good news!
We will keep you informed.