R5. What does our charity need to know before we issue an official donation receipt?

R5. What does our charity need to know before we issue an official donation receipt?


Short answer

You need to know the following:

  • Is this gift eligible for a tax receipt?
    • If so, what is the fair market value of the property transferred?

  • Has the donor received something in return for the gift? This is known as an "advantage".
    • If so, what is the eligible amount to be receipted?