Ebert v. His Majesty the King deals with certain tax receipts issued by charities for donations of wine relating to the 2005-2007 taxation years. The motions deal with assumptions made by CRA relating to valuation which the donors questioned. The donors challenged all of CRA’s valuation assumptions. The TCC upheld most of the CRA assumptions and provided CRA with an opportunity to clarify certain assumptions. It will be interesting to see when this goes to trial what the results are. In addition, to a substantial discussion of the valuation of wine, there is also an issue raised about valuators and independence.

These motions illustrate that the valuation of certain items such as fine wines can be complicated and charities should be careful when issuing receipts relating to such items.