As a part of the Canada Revenue Agency’s continued effort to educate the sector and to clarify rules that commonly confuse charities, the Charities Directorate has recently made available two new videos in their educational series on gifting and receipting.

Gifting and Receipting Series

This series for charities includes topics related to receipting, such as split receipts, calculating the advantage, non-cash gifts, and non-eligible donations.

Two New Videos

 The new videos relating to charity auctions cover the following:

• when you can issue donation receipts at charity auctions
• how to determine the advantage amount and the 80% rule for winning bids

This CRA initiative has been welcomed by many in the charitable sector. While we look forward to future videos in this series, we do not expect that these videos will replace CRA policies and guidance.

Watch or bookmark the videos, accessible here.

The post [New Videos] Charity Auctions and Receipting appeared first on CCCC Blogs.