Mormon Church in Canada moved $1B out of the country tax free — and it’s legal – By Ivan Angelovski, Timothy Sawa, Mark Kelley (CBC) / Oct 27, 2022
Money collected for charity transferred to Latter-day Saints’ university in U.S.
As a chartered professional accountant, part of Nigel Kennett’s job is financial audits.
While reviewing the books of a religious organization, the Edmonton resident decided to take a look at the finances of his own church, using the website of the Canada Revenue Agency.
He typed “the Church of Jesus Christ of Latter-day Saints” into the search box, and checked the first hit.
“I was floored,” he said.
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