Golf tournament tax receipting mysteries explained

golfball.jpg‘Tis the season for golf tournaments and the latest Canada Revenue Agency newsletter has an in-depth explanation of what aspects of charity tournaments are eligible for tax receipts. The same concepts apply to a variety of special events that may have tickets, sponsors, third-party management, or group ticket sales.

The newsletter also describes a recent court ruling that confirms that donations of services are not eligible for tax receipts. When an individual volunteers their time or professional expertise, this is not a receiptable gift. Tax receipts can only be given where there is a transfer of “property” such as cash, land, or other physical items of value.

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