Frequently Asked Questions

1. Myth: If RPGAs are so good, why isn't everybody doing them?

Fact: Due to CRA's agenda, participating in an RPGA can be very daunting.  The RPGA arena is only for the educated & disciplined.  The wealthy have been using them since the War Tax Act of 1917.


2. Myth: 100% of all RPGAs have been reassessed.

Fact: Many have & all will eventually (we know CRA's agenda), but only one RPGA program has actually lost in court - Klotz & Nash.  The fact is that the reassessment is only the beginning, not the end result.  The law will decide.


3. Myth: You should stop participating in a RPGA program once is it reassessed.

Fact: Because all programs will be reassessed, this has no bearing on whether a program actually works according to the law.  People should participate in the single best RPGA arrangement, according to the law, of any given year.


4. Myth: All RPGAs involve sham loans to invested funds, inflated receipts or getting distributions for free from a trust.

Fact: Out-dated RPGAs like the 'buy low, donate high'', leveraged cash and 'trust' programs are either gone or are on the way out.  Newer 'free market' structures are good for the charity, the CRA and the taxpayer.


5. Myth: RPGAs hurt charity.

Fact: RPGA companies are not charities, so some RPGAs may promote less philanthropy than others.  A good RPGA company will enable its charities to keep 100% of the receipted donations made by participants and not charge its charities any fees.

 

Resource information courtesy of sintax.ca