Blog posts tagged in charitable giving
There are certain questions that a qualified donee (such as a registered charity) must consider to be able to determine if it received a gift. If the donation is considered a gift, the qualified donee can issue a receipt to the donor.
Here are the questions:
Was the gift made voluntarily? A gift must be given freely. If it the gift was given because of a contractual or other obligation, then a receipt cannot be issued.
Was there a transfer of property? A receipt can only be issued for a gift of property and not for a gift of service.
The Forum Poll recently did a random sampling of public opinion among 1281 Canadian voters and it shows that 71% say they are confident that charities will use donations responsibly. Only 7% say they are not confident at all on the use of their donations. This is a good indication of the general attitude of Canadians towards charitable giving. Indeed, Canadians are very giving. But it is also important as donors to be sure that our donations are spent efficiently and are eventually used to change lives. There are many charities that we can choose from. It is a MUST as...