Does the Fair Market Value of an item donated to a Canadian charity include the taxes paid?

No. This may come as a surprise for some but see CRA’s explanation.Policy Commentary Release DateAugust 19, 1992Reference NumberCPC - 006…

Can official donation receipts be sent by registered charities by email?

Can official donation receipts be sent by email?Yes. However a registered charity should take the following precautions to protect its electronic…

CRA document “Gifts and Income Tax” helpful for Canadian registered charities when issuing receipts

CRA’s document “Gifts and Income Tax” (P113(E) Rev. 09) is helpful for Canadian charities understanding what is a…

Third Party Fundraisers by Canadian Charities and Receipting of Donations

Third party fundraisers, especially if run by volunteers, can be a very effective and efficient way to fundraise.  However, charities are not…

Is a payment to a registered charity in lieu of paying union dues considered to be voluntary/gift?

No.  Here is CRA’s view on why such a payment cannot be receipted.Policy Commentary Release DateJune 23, 1993Reference NumberCPC -…

Macleans article “An artful scheme” on use cultural property as part of tax shelter scheme

Chris Sorensen of Macleans recently wrote a piece entitled “An artful scheme: One firm’s pitch to help people use a tax shelter by buying and…

Tax preparer in Ontario guilty of charity tax fraud scheme

The CRA is cracking down on tax preparers and others who issue false charitable donation receipts.Canada Revenue Agency News Release…

Charges laid against promoter of art-donation scheme

The CRA has laid charges against a promoter of an art donation scheme in which there was a donation of overvalued artwork to the Municipality of…

Accountant liability for recommending charity tax shelter gifting scheme – Lemberg v. Michael Perris

This case involves an accountant, Mr. Michael George Perris, recommending a charity tax shelter scheme to his client that was unsuccessful.  The…