Charitable tax schemes

Be wary of tax schemes that sound too good to be true! If you are offered the opportunity to receive a charitable donation receipt for an amount greater than your actual donation, it may not comply with the Income Tax Act.

Anyone considering entering into a charitable tax arrangement should obtain independent, professional advice from a tax advisor before signing any documents.

For more information:

• visit the Tax Alerts section of the CRA's website
• visit the Charities and Giving section of the CRA's website