Summary Policy

Date
October 25, 2002

Reference Number
CSP - S04

Key Words
Share - Gift-in-kind

A gift of shares is a gift-in-kind. A registered charity that receives a gift of shares can issue an official donation receipt for the fair market value of the shares on the date the transfer of ownership takes place.

• Gift, CSP-G01.
• Receipt, CSP-R02.
• Portion of 10-year Gift of Shares Disposed of Included in Disbursement Quota Calculation, CPC-021.
• Share, CIL-1994-002, CIL-1996-003.
• Registered Charities Newsletter, Spring 2002 - No. 12.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 149.1(1).
• Income Tax Regulations, C.R.C. 1978, c. 945, ss. 3501(1).