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Global Learning Initiative Trouble
09-11-2014, 12:04 PM
Post: #1
Exclamation Global Learning Initiative Trouble
Has anyone here dealt with repayment of the refund received for the tax sheltered donation to Global learning initiative? I hear the appeal is still pending with the Tax Court but the individual tax payers are receiving letters from CRA for 2 options: One to start repayment and they will be given some consideration but lose the ability to appeal afterwards. Second to just wait for the court decision in which case, they may not get consideration for interest etc.
Can someone please give some feedback if they have tried to take option 1, how long do they get to repay the refund and is anything forgiven?
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