Impact Social

Mains sur un globe terrestre, ciel en arrière-plan

October 19, 2015

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What is Fair Market Value? Tax Court Considers Valuation of Donated Bottles of Rare Wine

Sandra L. Enticknap, Alizée Bilbey

Under the Income Tax Act, a taxpayer may claim a charitable donation tax credit for a gift made to a Canadian registered charity, if such gift is supported by an official donation receipt issued by the charity. According to Canada...

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The Philanthropist – We Encourage You To Subscribe

The Philanthropist/Le Philanthrope is a free online journal published by Imagine Canada, that contains articles and other information useful to the nonprofit sector. The Philanthropist is co-edited by Susan Manwaring, Partner and Chair of the National Charities and Not-for-Profit Law...

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Mandatory Requirements for Receiving Charitable Donation Tax Credit

Gillian Tuck Kutarna

In the recent decision of Bope v. The Queen, the Tax Court of Canada confirmed the requirements for a charitable donation tax credit, stating that entitlement to the credit depends on the donor proving, on the balance of probabilities, that:...

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