Seeking input on CRA policy
The Canada Revenue Agency is seeking input on the thorny issue of what acknowledgement charities can provide to donors, while still giving a tax receipt. In their recent newsletter they describe some of the grey areas you can find yourself in, especially if you have corporate donors or naming opportunities on offer.
The newsletter also contains some interesting statistics. In 2003, 5.6 million Canadians made financial or in-kind donations worth $6.5 billion to registered charities. This was the highest level of donations ever reported and represented an 11.4% increase from 2002. The number of donors increased by 1.2%. With 32 million people in the country, that’s only 17.5% of the population claiming charitable donations. We still have 26 million people to convert into donors… better get back to work.
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