Does the CRA allow the assignment of tax refunds to another corporation?

Under subsection 220(6) of the Income Tax Act a corporation may assign any amount payable under this Act. However, according to Subsection 220(7) the minister of National Revenue “is not required to pay to the assignee, the assigned amount.” As an alternative, the CRA will allow a qualifying corporation to redirect its tax refund, net of any taxes owing, to the mailing address of its choice, for example, a financial institution. However, a refund issued in this manner will still be issued in the name of the corporation.