www.charitylaw.ca
www.carters.ca
–The
amount of the gift is the “eligible amount”, i.e., the
fair market value of the property donated minus the value of the
“advantage”
b)Definitions of “charitable organization” and “public foundation”
in s. 149.1(1) were amended
–Large capital contributions from a single person or group
of persons not dealing at arm’s length with one another will not preclude
an entity from qualifying as a “charitable organization” or a “public
foundation”, provided that such person or persons do not control the
charity
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