,canada ,cu/oms                       #a
& ,rev5ue ,ag5cy

          ,9t]pret,n ,bullet9
    
,numb]3 ,,it-#aaj;,r#c
,subject3 ,9come ,tax ,act--,gifts &
  ,(ficial ,don,n ,receipts
,date3 ,june #bj1 #aiig
,ref];es3 ,sec;ns #aaj.a & #aah.a 7al
  ,"p ,,xxxv (! ,9come ,tax ,regul,ns7

               ,applic,n
    
  ,? bullet9 c.els & replaces ,9t]pret,n
,bullet9 ,,it-#aaj;,r#b dat$ ,may #ad1
#aihf & xs ,special ,rel1se dat$ ,janu>y
#bg1 #aihi4

                ,summ>y
    
  ,! ,9come ,tax ,act 5c\rages taxpay]s
6support ! activities ( regi/]$ *>ities
& c]ta9 o!r organiz,ns 0all[+ gifts 6s*
organiz,ns 6qualify =a tax cr$it if   #a
             ,,it-#aaj;,r#c          a#a
! gift is made 0an 9dividual 7o!r ?an "o
:o has tak5 a v[ ( p]petual pov]ty &
claim$ a deduc;n "u subsec;n #aaj7#b77
or =a deduc;n 9 -put+ taxa# 9come if !
gift is made 0a corpor,n4 ,! tax cr$it
is a non-refunda# & non-transf]a# f$]al
tax cr$it deducti# ag/ ,"p ;,i tax
paya#4 ,? bullet9 4cusses "s (! types (
don,ns t qualify z gifts z well z "s (
^? t d n4 ,9 a4i;n1 "! >e "s obs]v,ns on
! issue ( (ficial don,n receipts4

          ,4cus.n & ,9t]pret,n
    
     ,"p ;,i--,gifts 7p>agraph #a7
    
#a4 ,subsec;n #aah.a7#c7 provides a
  =mula = det]m9+ ! am.t (! deduc;n f
  ,"p ;,i tax o!rwise paya# t is availa#
  9 3nec;n ) an 9dividual's total gifts4
  ,? am.t is calculat$ 0apply+ ! l[e/
  ,"p ;,i tax rate =! ye> 7#ag@3p7 6!
  less] ( 4#bjj &! 9dividual's total
  gifts =! ye>4 ,6t am.t is a4$ !     #b
             ,,it-#aaj;,r#c          b#a
  hi<e/ ,"p ;,i tax rate 7#bi@3p7 appli$
  6! por;n (! 9dividual's total gifts =!
  ye> 9 excess ( 4#bjj4 7,2f #aiid1 !
  l[e/ ,"p ;,i tax rate appli$ 6! f/
  4#bej &! hi<e/ ,"p ;,i tax rate appli$
  6any am.t 9 excess ( 4#bej47 ,!
  maximum am.t ( *>ita# don,ns 9 a ye> t
  >e eligi# =! deduc;n 9 ! case (
  corpor,ns &=! tax cr$it 9 ! case (
  9dividuals is #bj@3p (a taxpay]'s net
  9come =! ye>4 ,h["e1 no s* limit
  applies 6gifts made 0an 9dividual or a
  corpor,n = total ,cr[n gifts1 = total
  cultural gifts1 or af ,febru>y #bg1
  #aiie1 = total ecological gifts4
  ,subsec;n #aah.a7#b7 provides t a gift
  % n 2 9clud$ 9 -put+ a tax cr$it "u
  sec;n #aah.a un.s ! mak+ (! gift is
  prov5 0fil+ a receipt 3ta9+ prescrib$
  9=m,n--see #af 2l4 7,:5 an 9dividual's
  9come tax return is electronic,y fil$
  78;,e-fil$071 ! receipts %d 2 reta9$ z
  !y may 2 reque/$ 6v]ify ! report$
  9=m,n47 ,p>agraph #aaj.a7#a77a7     #c
             ,,it-#aaj;,r#c          c#a
  p]mits a deduc;n 9 -put+ a corpor,n's
  taxa# 9come = gifts made 6regi/]$
  *>ities if support$ 0(ficial receipts4

  ,9 a4i;n 6regi/]$ *>ities1 p>agraph
  #aaj.a7#a77a7 &! def9i;n 8total *>ita#
  gifts0 9 subsec;n #aah.a7#a7 p]mit
  regi/]$ ,canadian amateur a?letic
  associ,ns1 ,canadian municipalities &!
  ,unit$ ,n,ns & xs ag5cies1 am;g o!r
  qualifi$ donees1 6issue receipts =
  *>ita# gifts4 ,= a4i;nal -;ts1 see !
  booklet1 ,gifts & ,9come ,tax4

,note3
  ,bill ;,c-#ib proposes am5d;ts 6!
  rules = *>ita# don,ns = #aiif &
  subsequ5t tax,n ye>s4 ,if ! am5d;ts >e
  5act$ z propos$3
  7a7 ! g5]al annual limit on *>ita#
    don,ns z a p]c5tage ( net 9come w 2
    rais$ f #bj@3p 6#ej@3p2 99
  
                                      #d
             ,,it-#aaj;,r#c           #b
  7b7 ! limit on gifts 09dividuals 9 !
    ye> ( d1? &! prec$+ ye>1 9clud+
    2que/s or legacies1 w 2 rais$ f
    #bj@3p 6#ajj@3p2 &
  7c7 ! limit ( #ej@3p ( net 9come w 2
    fur!r rais$ 0half (! am.t ( taxa#
    capital ga9s result+ f ! don,n (
    capital prop]ty t >e 9clud$ 9
    calculat+ ! donor's taxa# 9come =!
    ye>4 99
  
99 ,z a result ( am5d;ts propos$ 9 !
  ,febru>y #ah1 #aiig ,f$]al ,budget
  7describ$ immly 2l71 ^! am5d;ts w only
  2 applica# 6#aiif4

,note3
  ,z "p (! ,f$]al ,budget ( ,febru>y
  #ah1 #aiig1 a ,notice ( ,ways & ,m1ns
  ,mo;n 6,am5d ! ,9come ,tax ,act 0 ta#d
  9 ! ,h\se ( ,-mons4 ,! propos$ am5d;ts
  a6ect *>ita# don,ns & gifts 6! ,cr[n =
  tax,n ye>s -m5c+ af #aiif4 ,if !
  am5d;ts >e 5act$ z propos$          #e
             ,,it-#aaj;,r#c          a#b
  7a7 ! g5]al annual limit on *>ita#
    don,ns z a p]c5tage ( net 9come w 2
    rais$ f #ej@3p 6#ge@3p2
--------------------------------------#b
  7b7 ! limit on gifts 6! ,cr[n z a
    p]c5tage ( net 9come w 2 reduc$ f
    #ajj@3p 6#ge@3p2 &
  7c7 ! annual limit on *>ita# don,ns w
    2 9cr1s$ 0an am.t equal 6#be@3p (
    7;i7 ! less] (
      --! am.t ( recapture ( capital co/
        all[.e 9clud$ 9 ! donor's 9come
        =! ye> 9 respect (a prescrib$
        class ( deprecia# prop]ty t
        9clud$ a prop]ty t 0 ! subject
        (a *>ita# gift or a gift 6!
        ,cr[n 9 ! ye>1 &
      --= ea* s* gift made 9 ! ye> (
        prop]ty t 0 9clud$ 9 ! class1 !
        less] ( xs capital co/ & xs fair
        m>ket value1 &
    7;ii7 ! am.t ( taxa# capital ga9s
      9clud$ 9 ! donor's taxa# 9come =!
      ye> = s* gifts made 9 ! ye>4    #f
             ,,it-#aaj;,r#c          a#b
  ,gifts ( cultural prop]ty & gifts (
  ecologic,y s5sitive l& >e n subject 6!
  9come limit,n z describ$ 9 7a7 & 7b7
  abv4

     ,gifts ( ,cultural ,prop]ty &
           ,ecological ,gifts
             7p>agraph #b7
    
#b4 ,a gift ( cultural prop]ty m/ 2
  c]tifi$ 0! ,canadian ,cultural
  ,prop]ty ,export ,review ,bo>d z meet+
  ! crit]ia set \ 9 p>agraphs #bi7#c77b7
  & 7c7 (! ,cultural ,prop]ty ,export &
  ,import ,act4 ,! b5efici>ies ( s*
  gifts m/ 2 9/itu;ns or public
  au?orities 9 ,canada : >e designat$ "u
  t ,act4 ,= fur!r obs]v,ns on gifts (
  cultural prop]ty1 see ! curr5t v].n (
  ,,it-#djg1 ,4posi;ns ( ,cultural
  ,prop]ty 6,designat$ ,canadian
  ,9/itu;ns4

                                      #g
             ,,it-#aaj;,r#c          b#b
  ,an ecological gift m/ 2 l& 79clud+ a
  s]vitude =! use & b5efit (a dom9ant
  l&1 a cov5ant or an ease;t7 t is
  c]tifi$ 0! ,m9i/] (! ,5viron;t1 or a
  p]son designat$ 0t ,m9i/]1 6be
  ecologic,y s5sitive l& ! 3s]v,n &
  protec;n ( : is1 9 ! op9ion (! ,m9i/]1
  or t p]son1 important 6! pres]v,n (
  ,canada's 5viron;tal h]itage4 ,!
  b5efici>y (! gift m/ 2 a ,canadian
  municipal;y1 or a regi/]$ *>;y "o (!
  ma9 purposes ( : is1 9 ! op9ion (!
  ,m9i/] (! ,5viron;t1 ! 3s]v,n &
  protec;n ( ,canada's 5viron;tal
  h]itage4 ,if ! b5efici>y is a regi/]$
  *>;y1 x m/ 2 approv$ 0! ,m9i/] (
  ,5viron;t1 or a p]son designat$ 0t
  ,m9i/]1 9 respect (! gift4 ,5viron;t
  ,canada has prep>$ ,9=m,n ,circul>s :
  describe ! type ( l&s t qualify z
  ecologic,y s5sitive & important 6!
  pres]v,n ( ,canada's 5viron;tal
  h]itage1 & id5tify a numb] ( regi/]$
  *>ities t h be5 approv$ 0! ,m9i/]   #h
             ,,it-#aaj;,r#c          c#b
  ( ,5viron;t 6rcv gifts ( s* l&s4 ,^!
  ,9=m,n ,circul>s c 2 obta9$ f3

  ,habitat ,3s]v,n ,divi.n
  ,canadian ,wildlife ,s]vice
  ,5viron;t ,canada
  ,ottawa ,,on ,k#a;,a #j;,h#c
  ,fax3 7#hai7 #iid-ddde
  
,note3
  ,z "p (! ,f$]al ,budget ( ,febru>y
  #ah1 #aiig1 a ,notice ( ,ways & ,m1ns
  ,mo;n 6,am5d ! ,9come ,tax ,act 0 ta#d
  9 ! ,h\se ( ,-mons4 ,"o (! propos$
  am5d;ts a6ects ! det]m9,n ( ecological
  gifts made af ,febru>y #bg1 #aiie4 ,if
  ! am5d;t is 5act$ z propos$1 =
  purposes ( det]m9+ ! fair m>ket value
  (a gift (a s]vitude1 cov5ant or ease;t
  9clud$ 9 ! total ecological gifts (a
  taxpay]1 ! value w 2 3sid]$ 6be ! grt]
  (! fair m>ket value o!rwise det]m9$ &!
  am.t 0: ! fair m>ket value (! l& 6: !
                                      #i
             ,,it-#aaj;,r#c          d#b
  gift relates is decr1s$ z a result (!
  gift4

       ,g5]al ,rule 7p>agraph #c7
    
#c4 ,a gift1 = purposes ( sec;ns #aaj.a
  & #aah.a1 is a volunt>y transf] (
  prop]ty )\t valua# 3sid],n4 ,g5],y a
  gift is made if all ?ree (! 3di;ns
  li/$ 2l >e satisfi$3
  7a7 "s prop]ty--usu,y ca%--is
    transf]r$ 0a donor 6a regi/]$ *>;y2
  7b7 ! transf] is volunt>y2 &
  7c7 ! transf] is made )\t expect,n (
    return4 ,no b5efit ( any k9d may 2
    provid$ 6! donor or 6any"o designat$
    0! donor1 except ": ! b5efit is (
    nom9al value 7see #aa 2l74

       ,excep;ns 6! ,g5]al ,rule
           7p>agraphs #d-aj7
    
#d4 ,9 mo/ cases1 ! g5]al rule 9 #c abv
  w 2 appli$ 6det]m9e :e!r a         #aj
             ,,it-#aaj;,r#c          e#b
  "picul> pay;t is a gift4 ,h["e1 9
  recogni;n ( c]ta9 widely a3ept$ fund-
  rais+ practices1 a gift is 3sid]$ 6h
  be5 made 9 ! circum/.es \tl9$ 9 #e
  6#aj 2l4
#e4 ,= _m ye>s ! di6];e 2t ! pur*ase
  price (a ticket 6att5d a 8d9n]1 ball1
  3c]t or %[0 &! fair m>ket value (!
  food1 5t]ta9;t etc41 availa# 6a ticket
  pur*as] has be5 3sid]$ 6be a gift4 ,?
  excep;n 6! g5]al rule w n 2 ext5d$
  6any?+ t is n a d9n]1 ball1 3c]t1 %[
  or a l ev5t4 ,a 8l ev5t0 is an ev5t :
  provides s]vices & 3suma# gds1 !
  equival5t ( : >e r1dily availa# 9 !
  m>ketplace & : 0_! v nature >e
  necess>ily pur*as$ )! 9t5;n t !y 2 us$
  on a specific date 9 ! ne> future 0!
  ticket pur*as] 7& gue/s7 & :1 if n
  us$1 h no resale value4 ,an auc;n1 =
  example1 is n a 8l ev5t40 ,a d9n]
  c\pl$ ) an auc;n wd n 2 3sid]$ a 8l
  ev5t0 un.s p >e 9vit$ 6bid & c bid at
                                     #aa
             ,,it-#aaj;,r#c          f#b
  ! auc;n )\t pay+ ! admis.n fee =!
  d9n]4
--------------------------------------#c
#f4 ,6calculate ! gift por;n1 ! *>;y may
  3sid] t two pay;ts h be5 rcvd3 "o =!
  fair m>ket value ( admis.n &! second z
  a gift 6! *>;y4
#g4 ,! fair m>ket value ( admis.n 6a
  fund-rais+ d9n]1 ball1 3c]t or %[ %d 2
  det]m9$ 0mak+ a -p>ison 6! regul> or
  usual *>ge = att5d.e at ! same or a
  simil> func;n or ev5t = : a don,n is n
  solicit$4 ,9 ! abs;e (a -p>a# ev5t1 !
  value is ! e/imat$ price t wd h be5
  *>g$ =a func;n or ev5t ( ? nature
  c>ri$ \ z a pr(it-mak+ v5ture4
#h4 ,(ficial receipts =a gift or don,n
  >e n 6be issu$ ": ! price ( admis.n 6a
  d9n]1 ball1 3c]t or %[ 9cludes
  "picip,n 9 a lott]y or draw = prizes
  or aw>ds : h m ?an a nom9al value4
  ,any pay;t : mi<t 2 3sid]$ 9 excess (!
  fair m>ket value (! price ( admis.n =!
                                     #ab
             ,,it-#aaj;,r#c          a#c
  ev5t is presum$ 6be 3sid],n = "picip,n
  9 ! lott]y or draw4
#i4 ,g5],y1 any legal oblig,n on ! payor
  6make a don,n wd cause ! don,n 6lose
  xs /atus z a gift4 ,h["e1 :5 a taxpay]
  hon\rs a p]sonal gu>antee 3c]n+ a loan
  made 6a *>;y or hon\rs a pl$ge1 ! am.t
  c 2 3sid]$ 6be a gift despite xs hav+
  2+ pd 6hon\r an oblig,n1 if ! oblig,n
  0 5t]$ 96volunt>ily & )\t 3sid],n4
#aj4 ,o!r excep;ns 6! g5]al rule 9 #c
  abv >e 4cuss$ 9 sep>ate public,ns4 ,=
  example1 see ! curr5t v].ns (
  ,,it-#aaa1 ,annuities ,pur*as$ f
  ,*>ita# ,organiz,ns1 ,,it-#bdd1 ,gifts
  0,9dividuals ( ,life ,9sur.e ,policies
  z ,*>ita# ,don,ns & ,9=m,n ,circul>
  #ge-bc1 ,tui;n ,fees & ,*>ita# ,don,ns
  ,pd 6,privately ,support$ ,secul> &
  ,religi\s ,s*ools4



                                     #ac
       ,b5efits ( ,nom9al ,value     b#c
           7p>agraphs #aa-ad7
    
#aa4 ,=! purpose ( #c7c7 abv1 ": a *>;y
  (f]s an item1 privilege or o!r b5efit
  9 return =a don,n1 ! b5efit is 3sid]$
  6h a nom9al value ": xs fair m>ket
  value does n exce$ ! less] (
  7a7 4#ej.jj1 or
  7b7 #aj@3p (! am.t (! gift4
#ab4 ,=! purposes ( #aa abv1 a b5efit is
  n 3sid]$ 6h a nom9al value ": xs fair
  m>ket value _c 2 det]m9$ = r1sons s*
  z3
  a7 ! b5efit is n r1dily availa# on !
    op5 m>ket1 = example1 ! b5efit is !
    "r 69dividu,y meet a fam\s
    p]sonal;y2 or
  b7 ! ext5t 6: ! b5efit w 2 ex]cis$ is
    un"kn at ! "t x is provid$1 =
    example1 ! b5efit is a "r 6a 4c.t on
    ! pur*ase price ( specific gds or
    s]vices4

                                     #ad
       ,sep>,n ( ,pur*ase & ,gift    c#c
           7p>agraphs #ac-ad7
    
#ac4 ,9 c]ta9 circum/.es1 a donor c bo?
  pur*ase "s?+ f a *>;y & make a gift4
  ,"! m/ 2 two sep>ate transac;ns : >e
  9dep5d5t ( ea* o!r4 ,": ! donor c only
  pur*ase ! item if a 3tribu;n is made1
  t 3tribu;n is n a gift & an (ficial
  receipt may n 2 issu$ = x4
#ad4 ,":1 h["e1 any"o c pur*ase ! item
  )\t mak+ any o!r pay;t1 an a4i;nal
  3tribu;n made 0a pur*as] is a gift &
  an (ficial receipt may 2 issu$ =!
  a4i;nal 3tribu;n b n ! pur*ase price4
  ,:e!r or n "o transac;n is dep5d5t ^u
  ! o!r is a "q ( fact4

       ,non-,qualify+ ,3tribu;ns
             7p>agraph #ae7
    
#ae4 ,! foll[+ >e examples 7n an all-
  9clusive li/7 ( pay;ts or 3tribu;ns t
  d n qualify z gifts4 ,acly1 a regi/]$
  *>;y may n issue (ficial           #ae
             ,,it-#aaj;,r#c          d#c
  receipts = 9come tax purposes 9
  respect ( s* am.ts4 ,if y h any d\bts
  ab a "picul> proposal1 y %d 3tact !
  ,cli5t ,assi/.e ,sec;n1 ,*>ities
  ,divi.n at #a-hjj-bfg-bchd4
  7a7 ,! pay;t (a basic fee = admis.n
    6an ev5t or 6a program1 :e!r on
    2half (! payor1 a dep5dant (! payor1
    or "s"o designat$ 0! payor does n
    qualify z a *>ita# don,n reg>d.s (
    :e!r or n ! pay;t (! fee 0 volunt>y4
    ,examples 9clude3
    --fees 6a "d-c>e or nurs]y s*ool
      facil;y1 fees 6pay = "picip,n 9 an
      ex]cise or tra9+ or l program or
      memb]%ip t 3veys a "r 6att5d or
      6be admitt$ 6a program2 &
    --3tribu;ns made 6(fset a *>;y's
      co/s ( provid+ s]vices 7s* z food
      & lodg+ at a sem9>1 5c.t] gr\p1 or
      !rapy class74
  7b7 ,! pay;t ( memb]%ip fees t 3vey !
    "r 6att5d ev5ts1 rcv lit]ature1 rcv
    s]vices or 2 eligi# =            #af
             ,,it-#aaj;,r#c          e#c
    5title;ts ( any mat]ial value4 ,9 ?
    reg>d1 ! "r 6vote at meet+s & 6rcv
    reports (! *>;y's activities--un.s
    s* reports >e o!rwise availa# =a fee
    -->e n 3sid]$ 6be ( any mat]ial
    value4
  7c7 ,a pay;t =a lott]y ticket or o!r
    *.e 6w9 a prize is n a gift4 ,h["e1
    a lott]y may 2 run 9 3junc;n )a
    fund-rais+ campaign )\t prejudicial
    e6ect if ! lott]y tickets c 2
    pur*as$ )\t any require;t t ticket
    pur*as]s al make a don,n 6! fund-
    rais+ campaign4 ,(ficial receipts
    may !n 2 issu$ = s* don,ns 6! fund-
    rais+ campaign1 b n =! pur*ase (
    lott]y tickets4 ,an am.t : wd
    o!rwise 2 a gift1 s* z a por;n (!
    price ( admis.n
--------------------------------------#d
    4cuss$ 9 #e abv1 wd n qualify z s*
    if ! price ( admis.n 5titles any"o1
    at no a4i;nal co/1 6rcv a *.e 6w9 a
    prize4                           #ag
             ,,it-#aaj;,r#c          a#d
  7d7 ,3tribu;ns ( s]vices may n 2
    ac"kl$g$ 0issue ( an (ficial
    receipt4 ,a gift m/ 9volve prop]ty4
    ,3tribu;ns ( s]vices 7t is1 "t1
    skills1 ef=t7 >e n prop]ty & d n
    qualify4 ,"! is no?+ 6prohibit a
    *>;y f pay+ = s]vices & lat] a3ept+
    ! return ( all or a por;n (! pay;t z
    a gift--provid$ x is return$
    volunt>ily4 ,! donor m/1 9 s* an
    >range;t1 a3.t =! taxa# 9come t wd 2
    r1liz$ ei z remun],n 7in : case !
    *>;y may 2 oblig$ 6issue an 9=m,n
    slip7 or z busi;s 9come4 ,see !
    ,employ]s' ,guide 6,payroll
    ,deduc;ns--,basic ,9=m,n =! prep>,n
    ( 9=m,n slips4
  7e7 ,! pur*ase ( gds or s]vices f a
    *>;y may n 2 ac"kl$g$ 0issue ( an
    (ficial receipt = all or any "p (a
    pay;t = s* a pur*ase4 ,? rule
    applies ev5 :5 ! buy] pays an am.t 9
    excess ( fair m>ket value 65h.e !
    pr(it (! *>;y4 ,h["e1 z 4cuss$   #ah
             ,,it-#aaj;,r#c          b#d
    e>li]1 ! rule does n apply if !
    pur*ase c 2 view$ z a don,n 2c ! gds
    or s]vices pur*as$ h only nom9al
    value 9 rel,n%ip 6! am.t pd4
  7f7 ,a *>;y may n issue an (ficial
    receipt = 9come tax purposes if !
    donor has direct$ ! *>;y 6give !
    funds 6a specifi$ p]son or family4
    ,9 r1l;y1 s* a gift is made 6! p]son
    or family & n 6! *>;y4 ,h["e1 don,ns
    subject 6a g5]al direc;n f ! donor t
    ! gift 2 us$ 9 a "picul> program
    op]at$ 0! *>;y >e a3epta#1 provid$ t
    no b5efit a3rues 6! donor1 ! direct$
    gift does n b5efit any p]son n d1l+
    at >m's l5g? )! donor1 & deci.ns
    reg>d+ utiliz,n (! don,n )9 a
    program re/ )! *>;y4
  7g7 ,a *>;y may n issue an (ficial
    receipt = 9come tax purposes if !
    donor has direct$ ! *>;y 6give !
    funds 6a non-qualifi$ donee4 ,mo/
    =eign *>ities or =eign a6iliates (
    ,canadian *>ities >e n           #ai
             ,,it-#aaj;,r#c          c#d
    qualifi$ donees1 & ?us1 gifts
    direct$ 6!m >e n eligi# = an (ficial
    receipt4 ,h["e1 c]ta9 =eign *>ities
    c issue (ficial receipts = ,canadian
    9come tax purposes4 ,if y wi% 6make
    a gift 6a =eign *>;y1 ! ,cli5t
    ,assi/.e ,sec;n1 ,*>ities ,divi.n at
    #a-hjj-bfg-bchd c advise y z 6:e!r !
    *>;y is qualifi$ 6issue an (ficial
    receipt = 9come tax purposes4
  
,note3
  ,z "p (! ,f$]al ,budget ( ,febru>y
  #ah1 #aiig1 a ,notice ( ,ways & ,m1ns
  ,mo;n 6,am5d ! ,9come ,tax ,act 0 ta#d
  9 ! ,h\se ( ,-mons4 ,"o (! am5d;ts
  proposes a special tax on *>ities1 9
  respect (a *>;y's acquisi;n af
  ,febru>y #ah1 #aiig1 (
    --a debt oblig,n (a p]son or
      "pn]%ip1 or
    --a %>e (! capital /ock (a corpor,n
  t does n d1l at >m's l5g? )! *>;y4 ,!
  tax is equal 6#ej@3p (! am.t (!    #bj
             ,,it-#aaj;,r#c          d#d
  debt oblig,n or (! fair m>ket value (!
  %>es at ! "t !y >e acquir$4

  ,! am5d;t al proposes t ! special tax
  w apply ": at any "t a gift is made 6a
  *>;y2 ! donor deducts an am.t 9
  respect (! gift2 & )9 #e ye>s af !
  date (! gift
    --! *>;y holds a debt oblig,n (!
      donor or (a p]son or "pn]%ip t
      does n d1l at >m's l5g? )! donor1
    --! *>;y [ns a %>e (! capital /ock
      (! donor or (a corpor,n t does n
      d1l at >m's l5g? )! donor1 or
    --! donor or a p]son or "pn]%ip t
      does n d1l at >m's l5g? )! donor
      uses prop]ty (! *>;y 7o!r ?an !
      use 0a f9ancial 9/itu;n ( an am.t
      held on deposit74
  ,! tax is equal 6#ej@3p (! less] (
    --! am.t (! gift1 &
    --! am.t (! debt oblig,n or (! fair
      m>ket value (! %>e or prop]ty
                                     #ba
             ,,it-#aaj;,r#c          e#d
  & is paya# jo9tly & s"e,y 0! *>;y1 !
  donor &! p]son1 "pn]%ip or corpor,n
  ref]r$ 6abv4 ,h["e1 ? tax w n apply ":
  ! gift 0 made 2f ,febru>y #ai1 #aiig
  &! hold+ (! debt oblig,n1 ! [n]%ip (!
  %>e1 or ! use (! prop]ty 2gan 2f t "d4

  ,! propos$ rules w n apply 6%>es or
  debt oblig,ns t >e li/$ on prescrib$
  /ock ex*anges4

  ,! am5d;t is design$ 6prev5t pot5tial
  abuses 9volv+ 8loan-back0 transac;ns
  0taxpay]s n d1l+ at >m's l5g? )
  *>ities4 ,ess5ti,y1 loan-back
  transac;ns >e >range;ts 9volv+ !
  transf] ( funds or o!r prop]ty 6a *>;y
  ) funds 2+ l5t1 or o!r prop]ty 2+ l1s$
  to1 ! transf]or or a relat$ "py4 ,!
  non->m's l5g? transac;ns & loan-back
  transac;ns >e design$ 6e>n tax cr$its
  or deduc;ns =a taxpay] )\t hav+ !
  taxpay] =go ! use ( donat$ funds or
  o!r prop]ty4                       #bb
       ,"p ,,ii--,(ficial ,don,n      #e
               ,receipts
    
       ,3t5ts 7p>agraphs #af-ag7
    
#af4 ,a *>;y may issue (ficial receipts
  only :ile x is regi/]$ & m/ n issue
  receipts = funds t x w n xf 2
  responsi# = sp5d+4 ,"p ,,xxxv (!
  ,regul,ns requires t ea* (ficial
  receipt t a *>;y issues 6ac"kl$ge a
  don,n m/ 3ta9 at l1/ ! foll[+3
  --a /ate;t t x is an (ficial receipt =
    9come tax purposes2
  --! *>;y's regi/r,n numb]1 "n & a4ress
    9 ,canada z record$ ) ,rev5ue
    ,canada1 ,*>ities ,divi.n2
  --! place or local;y ": ! receipt 0
    issu$2
  --! "d on : or ! ye> dur+ : ! don,n 0
    rcvd or1 ": prop]ty o!r ?an ca% is
    rcvd1 ! actual date ( receipt2
  --! "d on : ! receipt 0 issu$ :5 x
    di6]s f ! date (! don,n2
                                     #bc
             ,,it-#aaj;,r#c          a#e
  --am.t (! gift2 &
  --! "n &! a4ress (! donor4
  
  ,ea* s* receipt m/ 2 prep>$ at l1/ 9
  duplicate 7s9ce *>ities >e requir$
  6keep on file a copy ( e (ficial
  receipt issu$71 m/ 2 sign$ 0an
  au?oriz$ p]son1 & m/ be> xs [n s]ial
  numb]4 ,9 a4i;n1 ": ! don,n is a gift
  ( prop]ty o!r ?an ca%1 ! fair m>ket
  value (! prop]ty at ! "t ! gift 0
  made1 z well z ! date (! gift1 a
  descrip;n (! prop]ty1 &! "n & a4ress
  (! apprais] 7if any7 (! prop]ty1 is
  requir$4 ,= fur!r 9=m,n 3sult ! curr5t
  v].n ( ,,it-#big1 ,gifts 9 ,k9d 6,*>;y
  & ,o!rs4
#ag4 ,"s *>ities issue an extra copy (!
  (ficial receipt or issue a tempor>y
  receipt4 ,": ? is d"o1 s* extra copy
  or tempor>y receipt is n 69clude !
  regi/r,n numb] (! *>;y & m/ 3ta9 a
  not,n 6! e6ect t 8? copy is = yr 9=m,n
                                     #bd
             ,,it-#aaj;,r#c          b#e
  only & is n an (ficial receipt = 9come
  tax purposes40

           ,3trol ( ,receipts
             7p>agraph #ah7
    
#ah4 ,*>ities >e expect$ 6gu>d ag/ !
  unau?oriz$ use ( (ficial receipts4
  ,mo/ *>ities >range "? a pr9t] =a
  supply ( blank1 s]i,y-numb]$ receipts
  6be on h& at any giv5 "t4 ,! *>;y m/
  3trol ! use ( xs receipts &1 9 ! ev5t
  ( lo/ or /ol5 receipts1 %d notify
  ,rev5ue ,canada1 ,*>ities ,divi.n at !
  a4ress not$ 2l4 ,x may 2 nec 9 s*
  circum/.es 6c.el ! regi/r,n numb] &
  obta9 a new "o f ! ,de"p;t4

  ,*>ities ,divi.n
  ,rev5ue ,canada
  ,fif? floor
  #djj ,cumb]l& ,/reet
  ,ottawa ,,on ,k#a;,a #j;,l#e
                                     #be
         ,facsimile ,signatures      c#e
             7p>agraph #ai7
    
#ai4 ,! use (a facsimile signature is
  p]mitt$ "u ! foll[+ 3di;ns3
  --! receipts >e 4t9ctively impr9t$
    7usu,y 0a -m]cial pr9t]7 )! "n1
    a4ress1 & regi/r,n numb] (! *>;y2
  --receipts >e s]i,y numb]$ 0a pr9t+
    press or numb]+ ma*9e2 &
  --all unus$ receipt =ms >e kept at !
    *>;y's ,canadian a4resses4
  
  ,! require;ts ) respect 6! 3t5ts (
  (ficial receipts z 4cuss$ abv >e
  applica# :e!r or n a facsimile
  signature is us$4

       ,lo/ or ,spoil$ ,receipts
             7p>agraph #bj7
    
#bj4 ,6replace a lo/ (ficial receipt1 a
  *>;y may issue a replace;t : m/ 3ta9
  all requir$ 9=m,n 7see #af abv7 plus a
  not,n 6! e6ect t 8? c.els &        #bf
             ,,it-#aaj;,r#c          d#e
  replaces receipt numb] 79s]t ! s]ial
  numb] (! lo/ receipt740 ,! *>;y's copy
  (! lo/ receipt m/ 2 reta9$ & m>k$
  8c.ell$04 ,9 ! case (a spoil$ receipt1
  all copies m/ 2 reta9$ & m>k$
  8c.ell$10 & ano!r receipt may !n 2
  issu$4

     ,date ( ,issue/,date ,( ,don,n
             7p>agraph #ba7
    
#ba4 ,! 8date ( issue0 is ! date on : !
  receipt 0 prep>$4 ,"! >e no regul,ns
  requir+ ! issu.e ( (ficial don,n
  receipts )9 a "picul> "t frame1 b x is
  su7e/$ t !y 2 issu$ at l1/ 0! la/ "d (
  ,febru>y foll[+ ! ye> dur+ : ! gift 0
  made4 ,! m important date is ! date (!
  don,n4 ,gifts rcvd af ! 5d (! ye> may
  n 2 a4$ 6! previ\s ye>'s don,ns un.s !
  gift 0 po/m>k$ 9 ! previ\s ye>4


                                     #bg
        ,-put] ,g5]at$ ,receipts     e#e
             7p>agraph #bb7
    
#bb4 ,-put]-g5]at$ (ficial don,n
  receipts >e a3epta# provid$ ^! >e
  legi# &! 9tegr;y (! -put] data 5tries
  is su6ici5tly gu>ante$4 ,s* gu>antees
  9clude ! circum/.es "u : ! data >e
  5t]$1 /or$ & protect$ ag/ alt],n4
  ,protec;n ag/ unau?oriz$ a3ess is a
  key secur;y precau;n4
--------------------------------------#f
              ,o!r ,9=m,n
    
#bc4 ,= fur!r 9=m,n on gifts1 pl1se ref]
  6! curr5t v].n (! foll[+ public,ns4
  ,,it-#hf ,v[ ( ,p]petual ,pov]ty
  ,,it-#aaa ,annuities ,pur*as$ f
    ,*>ita# ,organiz,ns
  ,,it-#bbf ,gift 6a ,*>;y (a ,residual
    ,9t]e/ 9 ,r1l ,prop]ty or an
    ,equita# ,9t]e/ 9 a ,tru/
  ,,it-#bdd ,gifts 0,9dividuals ( ,life
    ,9sur.e ,policies z ,*>ita# ,don,ns
                                     #bh
             ,,it-#aaj;,r#c          a#f
  ,,it-#bhh ,gifts ( ,capital ,prop]ties
    6a ,*>;y & ,o!rs
  ,,it-#big ,gifts 9 ,k9d 6,*>;y & ,o!rs
  ,,it-#djg ,4posi;ns ( ,cultural
    ,prop]ty 6,designat$ ,canadian
    ,9/itu;ns
  ,,it-#dif ,non-,pr(it ,organiz,ns
  ,,it-#ejd ,visual ,>ti/s & ,writ]s
  ,,ic#ge-bc ,tui;n ,fees & ,*>ita#
    ,don,ns ,pd 6,privately ,support$
    ,secul> & ,religi\s ,s*ools
  ,,ic#hj-aj ,regi/]$ ,*>ities3 ,op]at+
    a ,regi/]$ ,*>;y
  ,p#aac ,gifts & ,9come ,tax
  
  ,if y h any -;ts reg>d+ ! matt]s
4cuss$ 9 ? bullet91 pl1se s5d !m to3






                                     #bi
             ,,it-#aaj;,r#c          b#f
  ,director1 ,busi;s & ,public,ns
    ,divi.n
  ,9come ,tax ,rul+s & ,9t]pret,ns
    ,directorate
  ,policy & ,legisl,n ,bran*
  ,rev5ue ,canada
  #be ,ni*olas ,/reet
  ,ottawa ,,on ,k#a;,a #j;,l#e
  
  ,9t]pret,n bullet9s c 2 f.d on !
,rev5ue ,canada ,9t]net site at3
_+http://www.rc.gc.ca_:
--------------------------------------#g
         ,explan,n ( ,*anges =
        ,9t]pret,n ,bullet9 ,it-
      #aaj;,r#c ,gifts & ,(ficial
            ,don,n ,receipts
    
               ,9troduc;n
    
  ,! purpose (! ,explan,n ( ,*anges is
6give ! r1sons =! revi.ns 6an 9t]pret,n
bullet94 ,x \tl9es revi.ns t we h made z
a result ( *anges 6! law1 z well z   #cj
             ,,it-#aaj;,r#c          a#g
*anges reflect+ new or revis$ de"p;tal
9t]pret,ns4

           ,r1sons =! ,revi.n
    
  ,we h revis$ ! bullet9 6reflect *anges
6! ,9come ,tax ,act result+ f ,s4,c4
#aiif c4#ba 7=m]ly ,bill ;,c-#cf71 ,bill
;,c-#ib 7#aiif ,f$]al ,budget71 !
,notice ( ,ways & ,m1ns ,mo;n 6,am5d !
,9come ,tax ,act ta#d 9 ! ,h\se ( ,-mons
on ,febru>y #ah1 #aiig 7#aiig ,f$]al
,budget71 & 6describe t a *>;y may issue
a don,n receipt =! am.t rcvd ev5 if !
donor is provid$ )a non-ca% b5efit equal
6! less] ( 4#ej & #aj@3p (! am.t (!
gift4 ,except z describ$ 9 ! ,notes
foll[+ no4s #a1 #b & #ae1 ! -;ts 9 !
bullet9 >e n a6ect$ 0any o!r propos$
legisl,n t 0 rel1s$ 2f ,april #aj1
#aiig4


                                     #ca
      ,legislative & ,o!r ,*anges    b#g
    
  ,p>agraph #a 7=m] p>agraph #a z revis$
0! ,special ,rel1se7 0 revis$
    --6m5;n ! a4i;n ( ecological gifts
      made af ,febru>y #bg1 #aiie2
    --6note t receipts ne$ n 2 fil$ :5 a
      return is 8;,e-fil$0 b ! receipts
      %d 2 reta9$2 &
    --6id5tify o!r 9/itu;ns : c issue
      receipts = *>ita# don,ns4
  ,notes 7 a4$ foll[+ p>agraph #a
6reflect am5d;ts 3ta9$ 9 ,bill ;,c-#ib
&! ,notice ( ,ways & ,m1ns ,mo;n 6,am5d
! ,9come ,tax ,act (! #aiig ,f$]al
,budget4 ,! am5d;ts 9cr1se ! limit =
*>ita# don,ns z a p]c5tage ( net 9come4
  ,new p>agraph #b 4cusses ! m1n+ (
gifts ( 8cultural prop]ty0 & 8ecological
gifts40 ,! -;ts on ecological gifts
apply 6gifts made af ,febru>y #bg1
#aiie4 ,! 3t5ts ( =m] p>agraph #b1 z
revis$ 0! ,special ,rel1se1 7 mov$ 6!
,summ>y4
                                     #cb
             ,,it-#aaj;,r#c          c#g
  ,a ,note 0 a4$ foll[+ p>agraph #b
6reflect an am5d;t 3ta9$ 9 ! ,notice (
,ways & ,m1ns ,mo;n 6,am5d ! ,9come ,tax
,act (! #aiig ,f$]al ,budget4 ,! am5d;t
provides rules =! det]m9,n (! fair m>ket
value (a gift (a s]vitude1 cov5ant or
ease;t = ecological gifts4
  ,p>agraph #c 0 revis$ to
    --move ! ,note foll[+ p>agraph 7a7
      6p>agraph #ae7d71 &
    --move ! second s5t;e 9 p>agraph 7b7
      6p>agraph #i ": x is 4cuss$ 9 grt]
      detail4
  ,p>agraph #e 0 revis$ 6reflect !
,de"p;t's posi;n t an auc;n is n 8a l
ev5t02 "!=e1 if a *>;y sells tickets
6att5d an auc;n ! *>;y %d n issue a
don,n receipt =! am.t pd =a ticket4 ,an
auc;n is n 8a l ev5t0 2c x does n give !
pur*as] a3ess 6a s]vice or a 3suma# item
: is necess>ily pur*as$ )! 9t5;n t x 2
us$ on a specific date 9 ! ne> future4
  ,new p>agraph #i 9corporates a -;t f !
=m] p>agraph #c7b7 & notes t :ile    #cc
             ,,it-#aaj;,r#c          d#g
g5],y a legal oblig,n 6make a don,n wd
cause ! don,n 6lose xs /atus z a gift1
"! >e excep;ns :5 ! oblig,n is 5t]$
96volunt>ily & )\t 3sid],n4
  ,=m] p>agraphs #i & #aj 7 3solidat$ 9
p>agraph #aj & an a4i;nal bullet9 0
id5tifi$ ": a gift is view$ z hav+ be5
made despite ! donor rcvg valua# 3sid],n
f ! *>;y4
  ,p>agraph #aa 9troduces an objective
te/ 9 det]m9+ :e!r a b5efit provid$ 0a
*>;y 9 return =a don,n is 3sid]$ 6h a
8nom9al value40
  ,p>agraph #ab 4cusses situ,ns ": !
value (a b5efit _c 2 asc]ta9$ & is "!=e
n 3sid]$ 6h a 8nom9al value40
  ,! =m] p>agraphs #aa-ac1 : 4cuss$
89duce;ts10 h be5 delet$4
  ,p>agraph #ae7d7 7=m] p>agraph #af7d77
0 revis$ 6add ! -;ts f ! ,note 9 ! =m]
p>agraph #c7a74
  ,p>agraph #ae7f7 7=m] p>agraph #af7f77
has be5 revis$ 6elaborate on ! 4cus.n (
                                     #cd
             ,,it-#aaj;,r#c          e#g
don,ns 6a *>;y t >e subject 6a g5]al
direc;n4
  ,p>agraph #ae7g7 7=m] p>agraph #af7g77
has be5 revis$ 6cl>ify ! issu.e (
receipts :5 a donor directs t a gift 2
made 6a =eign a6iliate (a regi/]$
,canadian *>;y or a =eign *>;y4 ,! 9=m,n
=m]ly 3ta9$ 9 ,9=m,n ,circul> #hd-c1
,gifts 9 ,"r ( ,canada1 c n[ 2 obta9$ f
! ,cli5t ,assi/.e ,sec;n ( ,*>ities
,divi.n4
--------------------------------------#h
  ,a ,note 0 a4$ foll[+ p>agraph #ae
6reflect an am5d;t 3ta9$ 9 ! ,notice (
,ways & ,m1ns ,mo;n 6,am5d ! ,9come ,tax
,act (! #aiig ,f$]al ,budget4 ,! am5d;t
proposes a special tax on *>ities
6prev5t pot5tial abuses 9volv+ loan-back
transac;ns 0taxpay]s n d1l+ at >m's l5g?
) *>ities4
  ,new p>agraph #bb describes ! 3di;ns
": -put] g5]at$ receipts >e a3epta#4

                                     #ce
             ,,it-#aaj;,r#c          a#h
  ,new p>agraph #bc id5tifies o!r
de"p;tal public,ns : 4cuss *>ita#
don,ns4
  ,"?\t ! bullet91 we h made m9or *anges
= cl>ific,n or r1dabil;y purposes &
delet$ -;ts t >e no l;g] relevant z a
result (! passage ( "t4
















                                     #cf