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Vartana's engagement with the Canada Revenue Agency ('CRA') was a process that spanned almost 2 years. The engagement was unique from the perspective of the results that emerged, the process itself, and the lessons that can be used going forward while looking at new ways for the social finance agenda to proceed.

A summary of Vartana's engagement with the CRA is available in the following internal synopsis as well as in the following memorandum summarizing the process. As well as the letter in which the CRA indicated that they would approve the Bank.

These are a listing of the core materials that were used in making the case for the bank's registration as a charity:

• Legal opinion on the charitable nature of the bank initiative
• Charitable application to the CRA
• Note on fiduciary conflict in the charitable sector
• Organizing document for the trust
• Note on the meaning of 'private benefit'
• Draft by-law submitted to the CRA
• Draft MOU with the CRA
• Income tax considerations
• Letter from the CRA working on the objects and two other considerations

In addition a key document that set out the basis for the work with the CRA emerged through the UK CharityBank's experience with the Charity Commission. This was pivotal in helping set out the basis for the bank in Canada.