Receipting Modules

Welcome to our Learning Modules on Receipting!

There are 24 modules that cover everything from required information on your official receipts to split receipting .

You can move through the modules at your own pace. When you are in a module, clicking the >> (top left hand corner of the module screen) will give you the Table of Contents (TOC) for each module. Clicking on links or the hand will guide you to related topics within our site, or to external sites.


Receipting Learning Modules

Advantage Cash Gifts
Fair Market Value Gifting & Receipting
Gifts-In-Kind Receipting & Fundraising Events
Split Receipting  

 

To view these learning modules in your web browser, you may need to install Adobe Flash Player, which is available to download free of charge.

If you have not viewed the Information Map for Receipting, you may want take a look at www.charitycentral.ca/node/5

Advantage

This module provides basic information on advantages. The key areas covered are: What is an advantage? What is split receipting? Advantages and split receipting. How does it work? The importance of Fair Market Value to advantages.

Cash Gifts

This module provides information on basic receipting practices for cash gifts. The key areas covered are: What is a cash gift? Who is the donor? and sample receipts for cash gifts.

Fair Market Value

FAIR MARKET VALUE

In this module you will learn the basics of receipting for gifts-in-kind.

Questions such as what is a gift-in-kind (donation), can we issue an official donation receipt?, and how do we determine fair market value will be answered.

There are two learning modules covered under this topic:

    1. Fair Market Value - The Basics
    2. Deemed Fair Market Value

You can move through the modules at your own pace. Clicking the >> while you are in a module, will give you the Table of Contents (TOC) for the module. Clicking on links or the hand will guide you to related topics within our site, or to external sites.

If you have not viewed the Information Map for Receipting, you may want to take a look at www.charitycentral.ca/node/5

To view these learning modules in your web browser, you may need to install Adobe Flash Player, which is available to download free of charge.

It's all up to you!

FMV - The Basics

This module covers basic information on Fair Market Value (FMV). It answers the questions: What is Fair Market Value (FMV)and why is it important? What are the specific rules for determining FMV? How do I receipt for FMV different types of gifts cash or gifts-in-kind)? What other considerations do I need to take into account when determining FMV? What is Deemed FMV value? GST and Fair Market Value (FMV)

Deemed Fair Market Value

This learning module provides information on: The rules around deemed fair market value (FMV); When do you apply the deemed FMV rule?; How to determine deemed FMV for gifts-in-kind?; What are the exceptions to the rule?; and Where can you find additional information on deemed FMV?

Gifting and Receipting

GIFTING AND RECEIPTING

In this module you will learn the basics of receipting.

Questions such as what is a gift (donation) and who can be issued an official donation receipt? will be answered.

You can also study a variety of sample receipts to see what must be included on a receipt, plus learn how long your charity must keep copies of its records. Electronic receipts and other general issues around books and records are also examined.

There are three learning modules covered under this topic:

    1. The Basics

    2. Records of Tax Receipts

    3. Required Information

You can move through the modules at your own pace. Clicking the >> while you are in a module, will give you the Table of Contents (TOC) for the module. Clicking on links or the hand will guide you to related topics within our site, or to external sites.

If you have not viewed the Information Map for Receipting, you may want to take a look at www.charitycentral.ca/node/5

To view these learning modules in your web browser, you may need to install Adobe Flash Player, which is available to download free of charge.

It's all up to you!

Gifting and Receipting - The Basics

This module covers the basic information you need to know to issue proper tax donation receipts for your registered charity. The key areas covered are: Who can issue an official donation receipt? What is a qualified donee? What is a gift? What are the elements of a gift? and What is a gift?

Gifting and Receipting - Records of Receipts

Registered charities are required to keep records of all offical donation receipts (tax receipts) that they issue. The general issues discussed in this module include: length of time your charity must keep its records, unused tax receipts, electronic receipts and records, and sample tax receipts.

Gifting and Receipting - Required Information on Receipts

This module looks at the information that must appear on an official donation tax receipt. This module looks at the information that must appear on an official donation tax receipt.

Gifts-in-Kind

GIFTS-IN-KIND

Still not sure what a gift-in-kind is?

In this section, you will uncover all the basics about gifts-in-kind. Plus, you can delve deeper into specific areas such as Certified Cultural Property, Ecologically Sensitive Land, Mortgaged Property and Securities.

It also examines gifts of service - what can and cannot be issued an official donation receipt?

    1. The Basics
    2. Gifts of Services
    3. Certified Cultural Property
    4. Public Traded Securities
    5. Ecologically Sensitive Land
    6. Mortgaged Property

      It’s all up to you!

You can move through the modules at your own pace. Clicking the >> will give you the Table of Contents for each module. Clicking on links or the hand will guide you to related topics within our site, or to external sites.

If you have not seen the Learning Map on Receipting, you may want to go and take a look at www.charitycentral.ca/node/81

 

To view these learning modules in your web browser, you may need to install Adobe Flash Player, which is available to download free of charge.

This is the complete listing of all the modules on Receipting. As you can see, there are 6 modules on Gifts-in-Kind.

The Basics

This module identifies the documentations that your registered charity should have on file. Documents about your organization's charitable status should include: Notification of Registration Letter and Annual Information Returns (T3010).

Gifts of Service

This module looks at the basic rules that apply to gifts of service. The module answers questions on: What is considered a gift of service? Can our charity receipt for gifts of service? Where can we get more information on gifts of service?

Certified Cultural Property

This module covers basic information your registered charity should know about Certified Cultural Property. The module answers the questions: What is Certified Cultural Property? Who can receive certified cultural proerty? How do you determine FMV for Certified Cultural Property? Who determines the FMV of Certified Cultural Property?

Publicly Traded Securities

This module looks at the basic rules that apply to receiving a gift of publicly traded securities. The module answers questions such as: What are publicly traded securities? What do you do if you receive securities as a gift? How do you determine the Fair Market Value of the securities? Why should you get a written confirmation of the value of the securities and why is it important to do so?

Ecologically Sensitive Land

This module covers basic information your registered charity should know about Ecologically Sensitive Land. The module answers the questions: What is Ecologically Sensitive Land? What is the Ecological Gifts Program (EGP? Are there rules or regulations around ecologically sensitive land? How do you determine the FMV of ecologically sensitive land? Where can I get more information on ecologically sensitive land?

Mortgaged Property

This module looks at the basic rules that apply to receiving a gift of mortgaged property. The module answers questions on: How do we determine Fair Market Value for mortgaged property? How do we value mortaged property? How do we determine if there are advantages? How do we determine the eligible amount for a receipt?

Receipts and Fundraising Events

RECEIPTING AND FUNDRAISING EVENTS

First learn the basics, then study a myriad of different examples of fundraising events. If your Charity is putting together a silent auction or having a golf tournament to raise funds, if you are holding a dinner and plan to have door prizes, this module will answer all your questions about receipting the event - with many real life examples to help guide you.

It's all up to you!

There are eight modules in this section.

    1. The Basics

    2. Dinners/Lunches

    3. Door Prizes

    4. Auctions

    5. Gift Certificates

    6. Golf Tournaments

    7. Raffles

    8. Specific Fundraising Events

If you have not seen the Information Map for Receipting, you may want to go and take a look at www.charitycentral.ca/node/5

To view these learning modules in your web browser, you may need to install Adobe Flash Player, which is available to download free of charge.

The Basics

This module introduces the key concepts in receipting as they relate to general fundraising events. Topics covered include official donation receipts, split receipting, advantages, and fair market value.

Auctions

This module covers basic information on how to issue proper tax donation receipts for a charity auction. The module answers questions such as: How do we determine FMV of an auction item? What do we need to know to issue a receipt to the donor of an item? What do we need to know to issue a receipt to the successful bidder? Does De Minimis apply?

Dinners/Lunches

This module covers basic information on how to issue proper tax donation receipts for a fundraising dinner. The module answers questions such as: Split receipting and fundraising dinners - what is involved? What do we need to know to issue a proper tax receipt for a dinner event? What steps should be taken to determine FMV, the Intention to Make a Gift Threshold, and De Minimus? What would a sample receipt look like for a dinner event?

Door Prizes

This module covers basic information on door prizes as part of a fundraising event. The module answers questions such as: Split receipting and door prizes - what is involved? Where can I get more information on how to deal with door prizes?

Gift Certificates

This module covers basic information on how to issue proper tax donation receipts for a gift certificate. The module answers questions such as: Can official tax receipts be issued for gift certificates? If yes, under what circumstances? Why is a gift certificate considered to be a pledge or a promise? What's the difference?

Golf Tournaments

This module covers basic information on how to issue proper tax donation receipts for a golf tournament. The module answers questions such as: What advantages should be taken into consideration for a golf tournament? What are the key questions the tournament Fundraising Committee should be asking themselves? Do we need to determine FMV, the Intention to Make a Gift Threshold, and De Minimus?

Raffles

Many fundraising events include raffles, and tickets are usually sold separately. CRA considers raffles as lotteries, since the chance to win is the main motive for the raffle ticket buyers. Therefore, official donation receipts cannot be issued for raffle tickets.

Specific Events

We recommend that you first go through Receipting and Fundraising – The Basics before going through these specific examples. There are six modules that discuss the receipting issues your Charity may encounter with different fundraising events and activities. The general principles of split receipting, advantages and FMV still apply with all events.

Split Receipting

SPLIT RECEIPTING

The three modules in this section discuss the basics of Split Receipting and the key concepts involved, including De Minimis and Intention to Make a Gift.

    1. The Basics

    2. Intention to Make a Gift

    3. De Minimis

It's all up to you!

You can move through the modules at your own pace. Clicking the >> will give you the Table of Contents for each module. Clicking on links or the hand will guide you to related topics within our site, or to external sites.

If you have not viewed the Information Map on Receipting, you may want to go and take a look at www.charitycentral.ca/node/29

To view these learning modules in your web browser, you may need to install Adobe Flash Player, which is available to download free of charge.

The Basics

This module covers basic information on the legal concept of split receipting. The information covered includes: What is split receipting and what are the rules? How are the rules applied? What role does Fair Market Value, Intention to Make a Gift, and De Minimus have in split receipting? Are there exceptions to the rule? A chart that illustrates the steps in split receipting?

De Minimis

This module looks at the basic rule of De Minimis. The module answers the questions: What is De Minimis? What are the rules? Can you give me an example of applying the De Minimis rule? Are there exceptions to the De Minimis rule? What are the exceptions?

Intention to Make a Gift

This module looks at the basic rules around the Intention to Make a Gift Threshold. The module answers questions on: How is it applied? Why are advantages important? Can you give me an example of applying the Intention to Make a Gift Threshold?