Determining the Eligible Amount on Official Donation Receipts -
General Rules

D1. What is fair market value and why is it important?

D2. What is the “deemed fair market value” rule? Why is it important?

D3. A donor told our charity that we should apply the “deemed fair market value rule” to his gift in kind. Whose responsibility is it to ensure that the rule is applied?

D4. Our charity received a gift of a musical instrument. How does our charity determine the fair market value of gifts in kind?

D5. Our charity received a gift in kind worth more than $1,000. Do higher-priced items have to be appraised by more than one appraiser?

D6. What if the fair market value cannot be determined?

D7.  When determining the fair market value of an item should we include the GST/HST.

D8. What is “split receipting”?

D9. What is an “advantage” and why is it important?

D10. How does our charity determine the fair market value of an advantage?

D11. Our charity plans to offer door prizes and baseball caps at our next fundraising event. Do all these benefits have to be treated as an advantage?

D12. What is the “de minimis” threshold and why is it important?

D13. Does our charity have to consider every advantage in the calculation of the de minimis amount?

D14. How does our charity determine the eligible amount of the gift?

D15. In split receipting, what is the “intention to make a gift” threshold?