Penalties for Charities Involved in Unrelated Business

188.1 (1) Subject to subsection (2), a person is liable to a penalty under this Part equal to 5% of its gross revenue for a taxation year from any business that it carries on in the taxation year, if

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(a) the person is a registered charity that is a private foundation;
(b) the person is a registered charity that is not a private foundation and the business is not a related business in relation to the charity; or
(c) the person is a registered Canadian amateur athletic association and the business is not a related business in relation to the association.

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