One might not intuitively think of universities and colleges and taxation. However, taxation is a complex issue for universities. Although not themselves taxable, universities have a very broad range of tax issues to address. Universities have every type of worker/contractor arrangement possible with individuals often having multiple sources of income from the university each of which having a different tax treatment. Universities regularly make payments to non-resident students, workers and contractors. Students can be studying, receiving financial aid, and earning employment income all at once. Donations can be cash, in-kind, or testamentary. The source of research funding, and payments out of research funds also have unique tax considerations. All of the above and many more issues give rise to tax considerations.
The management of tax issues is generally decentralized in universities and colleges creating challenges for training and compliance.
Within CAUBO, leadership on taxation issue has been delegated to the Taxes Committee.