•Deduct
Advantage
–Broad
definition: total value of all property, services,
compensation, use or other benefits
–Must be clearly identified and its value “ascertainable”
–Can be received prior to, at the same
time as, or subsequent to the making of the
gift
–Does not require a causal relationship
–Can be provided to the donor or to a person or partnership not dealing at arm’s length with the donor
–CRA’s administrative exemption applies where there is a token advantage of the lesser of 10% of the value of the gift and $75 (de minimis threshold)
•