Glossary: R

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  • Official donation receipt

    Registered charities can issue official donation receipts (also referred to as "tax receipts") to acknowledge gifts. An official donation receipt is subject to particular requirements under the Income Tax Regulations including identification that it is an official receipt for income tax purposes.

    Note that registered charities issue other forms of receipts to acknowledge acceptance of services or items that are not gifts. These are not tax receipts and should be clearly distinguished from the tax receipts issued to acknowledge gifts. Contributions of services, that is, of time, skills or efforts, are not property and, therefore, do not qualify as gifts for purposes of issuing official donation receipts. Accordingly, a charity cannot issue an official donation receipt for services rendered free of charge.

    (CRA : Charities Glossary)

  • Official donation receipt

    Registered charities may issue an official donation receipt (or "tax receipt") to acknowledge a gift. An official donation receipt is subject to particular requirements under the Income Tax Act including identification that it is an official receipt for income tax purposes. Registered charities can also issue other forms of receipts to acknowledge receipt of services or other items that are not gifts. These are not tax receipts and should be clearly distinguished from the tax receipts issued to acknowledge gifts.

  • Bylaws

    Bylaws are part of the governing documents of an organizations, and include rules about the organization's operation. Bylaws often provide the methods for the election of directors, the appointment of officers and the description of their duties, the creation of committees, and the conduct of meetings, etc.

  • Compensation

    Compensation, for persons (employees) working full-time or part-time for a registered charity, includes salaries, wages, commissions, bonuses, fees, and honoraria, plus the value of taxable and non-taxable benefits.

    (CRA : Charities Glossary)

  • Resources

    A charity’s resources include all its financial assets, staff, volunteers, directors, premises, and equipment.

  • Revoked

    Registration as a charity or Canadian amateur athletic association has been cancelled and the privileges that go with it have been taken away. The organization can no longer issue official donation receipts and is no longer eligible to receive gifts from registered charities.

    Registration as a charity or Canadian amateur athletic association is officially revoked when a notice is published in the Canada Gazette.

    Registration may be revoked because the charity or Canadian amateur athletic association:

    • chooses to give up its registration (voluntary revocation);
    • does not file its annual return or does not file it on time (revocation for failure to file); or
    • is found to be non-compliant with the requirements for registration under the Income Tax Act (revocation for cause).

    (CRA : Charities Glossary)