Appeal dismissed in ‘leveraged donation scheme’ that bilked ‘hundreds, even thousands’ of Canadian taxpayers

Appeal dismissed in ‘leveraged donation scheme’ that bilked ‘hundreds, even thousands’ of Canadian taxpayers

The Tax Court of Canada has issued a set of public warnings in a case involving a "leveraged donation scheme" where prospective donors were lured with promises that their tax breaks would eclipse their contributions, but in reality they ended up ineligible for charitable donation tax credits.