• Qualifying security

    A qualifying security is a security that is traded on a recognized stock exchange. The donation of a qualifying security is eligible for a tax receipt.

  • Listed personal property

    Description: Certain kinds of property that are intended for personal use or enjoyment and that typically increase in value over time. Examples: Jewellery, stamp and coin collections, and artwork. It is often difficult to establish a fair market value for listed personal property since many items...

  • Governing documents

    These are the documents that formally establish an organization and govern its operations. Some examples of governing documents are : letters patent certificate of incorporation memorandum or articles of association constitution trust documents bylaws written copies of minutes of directors...

  • Depreciable property

    Depreciable property is a type of capital property, usually used to earn income from a business or property. It is property that is expected to decline in value, or be used over a number of years, such as vehicles, machinery, etc. The cost of this property can be "depreciated" (or "amortized") over...

  • Resources

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

  • Advantage

    An advantage is the total fair market value of all property, services, compensation, or other benefits that a donor receives or is entitled to receive in return for making a gift. The benefits may be contingent or receivable in the future, by either the donor or any person or partnership not...

  • Non-profit organization

    A non-profit organization is an association, club, or society that is operated exclusively for social welfare, civic improvement, pleasure, recreation, or any other purpose except profit. It is not a charity. No part of the organization's income can be payable to or available for the personal...

  • Donee

    A donee is the recipient of a gift. See also "qualfied donee" and "eligible donee".

  • Source document

    A source document is an original document that records and reflects a transaction between parties. Source documents that support the information in the governance documents and financial information include: e-mails and handwritten memos, supplier invoices, expense reports and receipts, paid...

  • Arm's length

    The term "at arm's length" describes a relationship where persons act independently of each other or who are not related. The term "not at arm's length" means persons acting in concert without separate interests or who are related. Related persons are individuals who are related to each other by...

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