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Gifts and Income Tax 2015

Are you an individual planning to give money or other property to a registered charity or other qualified donee? Do you own land or a building, or have stocks or bonds that you would like to give to a registered charity or other qualified donee? Do you own an oil painting, stamp collection, etching, sculpture, antique, or coin set that you would like to give to a gallery or museum? Are you having your gift appraised? If so, the decisions you make may affect your tax situation.

Here is some information about making a gift in 2015. It includes income tax changes that have been announced, but were not law at the time of printing. If you require information about a gift made in a previous year, you will need a version for the year in which you made your gift. You can get previous versions by going to www.cra-arc.gc.ca/prioryear/p113 or by calling 1-800-959-8281.

This entry was posted on Thursday, January 14th, 2016 at 12:03 pm and is filed under Accounting News, Tax News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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