Key Requirements for Issuing an Official Tax Receipt in Canada
Manage episode 447635597 series 3608266
In this episode we cover the required information on an official donation receipt from a registered charity.
The receipt must include the charity's name and address, the donor's full name and address, the date of the donation, the amount donated, the date the receipt was issued, and the charity's registration number issued by the Canada Revenue Agency (CRA).
It also outlines specific requirements for receipts issued for cash and non-cash gifts, emphasizing the need for a clear description of non-cash gifts and their fair market value.
This episode is sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm serving charity and not-for-profit clients across Canada with registration and governance, and B.I.G. Charity Accounts Group, a bookkeeping firm serving Canadian charities with all their financial and tax filing needs.
https://www.charitylawgroup.ca/
P: 416-488-5888
https://www.charityaccountingfirm.ca/
P: 289-301-8883
7 episoder