Federal court denies Credit Counselling Services of Atlantic Canada charitable status

By anna smith

Credit Counselling Services of Atlantic Canada (CCSAC) will not regain charitable status; a federal court has ruled. The organisation attempted to overturn a decision by the Minister of National Revenue, but lost its bid today.

In a decision released today, the Federal Court of Appeal confirmed a ruling that the service does not qualify as charitable activity under the definition in the legislation.

The president of CCSAC, John Eisner, responded that it's "business as usual."

Eisner added that the service has been operating without charitable status since the minister's decision was issued in 2013. He said the only difference is they can't issue charitable receipts.

"We felt that we did everything right," Eisner commented. "We felt we had to fight it [the minister's decision]," he said.

The Saint John-based service offers financial advice and debt management services for its clients through offices across Atlantic Canada. Since losing its charitable status, it has operated as a non-profit organisation.

On its website, CCSAC says it doesn't receive any government funding, and the majority of its funding comes from voluntary donations from the creditors they deal with.

Follow @BizReviewCANADA

Read the June 2016 issue of Business Review USA & Canada magazine


Featured Articles

How Elon Musk pulled off a $44bn hostile takeover of Twitter

As the world’s richest man, Elon Musk, takes over tech giant Twitter, we highlight the timeline that led to this titanic takeover

Amazon, Alphabet, Wells Fargo best workplaces, says LinkedIn

The top 50 workplaces to grow careers prioritise flexible work and tuition-support programs, as top-ranking firms Amazon and Alphabet prove, says LinkedIn

Top 10 women in technology in the US

These 10 women in tech are forging a path into bold areas of innovation and technological ambition, according to sister publication Technology Magazine

8 executive moves to crypto – from mainstream to startup

Technology & AI

Digital Twins tech ‘missing link’ in urban decarbonisation

Technology & AI

The Metaverse Foundry from Infosys is a business playground

Technology & AI