June 10, 2019 @ 8:30 am – 12:00 pm
55 Gould Street, Toronto, Ontario, M5B 1E9

Properly issuing official donation receipts has been challenging for many registered charities. According to the CRA, 89% of registered charities that are audited by CRA are not correctly issuing official donation receipts. Issuing incorrect receipts can result in suspension, penalties or revocation. It is easier to do it right than fix problems later!

Topics covered in this course include:

  • When are charities allowed to issue official donation receipts? (“tax receipts”)
  • Why are receipts so important?
  • What are the top Canadian registered charity receipting mistakes
  • Review of information required on an official charitable tax receipt
  • CRA’s sample official donation receipts
  • What is a gift?
  • Is the donation a gift?
  • Is there an obligation to issue receipts?
  • Who is the donor?
  • What is split receipting and how does it affect galas, golf and other fundraisers?
  • How do you correct or replace official donation receipts?
  • Can you issue a receipt for a gift certificate?
  • Can you return a gift?
  • Are funds given by a business considered a gift or a sponsorship?
  • Can you provide receipts for donors to third-party fundraising events?
  • Use of computer generated and e-mail receipts
  • Is it appropriate to receipt for expenses of volunteers who travel abroad?
  • Problems, abuses and consequences of improper receipts
  • What is a gift in kind?
  • What is the fair market value of a gift and how to determine fair market value?
  • What is “deemed” fair market value and how will it change the amount of the eligible amount of the gift?
  • Receipting of gift-in-kind donations and special issues with gifts in kind
  • How do you appraise gifts in kind?
  • Can you receipt for donors of items to an auction?
  • Can you receipt a successful bidder at an auction?
  • What are some best practices for gifts-in-kind donations?

Cost: $225.00 (includes snacks and coffee, materials, and registration fees).

The program will be led by charity lawyer Mark Blumberg.

The program is sponsored by Guardian Capital:

Guardian Capital

Blumbergs’ Fundamentals of Receipting by Canadian Charities will be of interest to staff at non-profits and charities responsible for compliance issues especially receipting and fundraising, professional advisors such as lawyers and accountants who advise charities and non-profits, and board members of Canadian charities.

If you have any questions please contact Daniela Campos at 416-361-1982 ext. 252 or at daniela@blumbergs.ca

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Timing and content are subject to change. There are a limited number of spaces available for this program.

For lawyers, this event qualifies for 3 hours of Law Society of Ontario Substantive Hours but does not qualify for Professionalism Hours. For accountants, this may count as 3 hours of Continuing Professional Development.

Tickets are fully refundable until 30 days before the event but not thereafter. If you register and are unable to attend, you are welcome to substitute someone else from your organization at any time. Dates and locations may be subject to change should circumstances arise. All efforts will be made to notify you as soon as possible in this event.