G3. What is a "gift-in-kind"?
A gift-in-kind is a gift of property other than cash. It includes numerous types of property, in particular inventory, capital property, and depreciable property. Donations of real estate, stocks and bonds, and personal items are all considered gifts-in-kind.
Items of little value, such as hobby crafts or home baking, do not qualify as gifts-in-kind for the purposes of issuing a tax receipt.
A charity that receives a gift-in-kind can issue a tax receipt for the eligible amount of the gift.
For more information on gifts-in-kind, see Interpretation Bulletin IT-297
Gifts in Kind to Charity and Others.