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Tax Articles

These articles are for educational purposes only. As it is impossible to include all situations, circumstances, and exceptions, a further review should be done for your situation. No organization or individual involved in either the preparation or distribution of these articles accepts any contractual, tortious, or any other form of liability for its contents. For any questions please give one of our principals a call: 250 370 2191 (James #2; Richard #7).

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Return of a Gifted Property: Donors and Charities Beware!

Return of a Gifted Property: Donors and Charities Beware!

In a March 31, 2017 Technical Interpretation, CRA commented on the tax consequences of a charity returning a donated property to the donor. This could occur, for example, when a donation was made specifically for a project that had been halted.

Continue ReadingReturn of a Gifted Property: Donors and Charities Beware!
  • Post published:October 17, 2017
  • Post category:Charities
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