Presented by Blumberg Segal LLP on Wednesday May 13, 2015 1:00 PM to 4:30 pm.
Properly issuing official donation receipts has been challenging for many registered charities. According to the CRA, 89% of registered charities that are audited are not correctly issuing official donation receipts. Issuing incorrect receipts can result in revocation or penalties. It is easier to do it right than fix problems later!
Topics covered in this course include, but is not limited to:
- When are charities allowed to issue official donation receipts? (“tax receipts”)
- Why are receipts so important?
- What are the top Canadian registered charity receipting mistakes
- Review of information required on an official charitable tax receipt
- CRA’s sample official donation receipts
- What is a gift?
- Is there an obligation to issue receipts?
- Who is the donor?
- What is split receipting and how does it affect galas, golf and other fundraisers?
- How do you correct or replace official donation receipts?
- Can you return a gift?
- Are funds given by a business considered a gift or a sponsorship?
- Can you provide receipts for donors to third party fundraising events?
- Use of computer generated and e-mail receipts
- Is it appropriate to receipt for expenses of volunteers who travel abroad?
- Problems, abuses and consequences of improper receipts
- What is a gift in kind?
- What is fair market value of a gift and how to determine fair market value?
- Can you receipt for donors of items to an auction?
- Can you receipt a successful bidder at an auction?
The program will be led by charity lawyer, Mark Blumberg.
Blumbergs’ Fundamentals of Receipting by Canadian Charities will be of interest to staff at non-profits and charities responsible for compliance issues especially receipting and fundraising, professional advisors such as lawyers and accountants who advise charities and non-profits, and board members of Canadian charities. If you have questions please call Kalie Patton at 416-361-1982 x235 or e-mail firstname.lastname@example.org. Timing and content is subject to change. There are a limited number of spaces available for this conference.
Cost: $125.00 (includes snacks, coffee, materials and registration fees)