Tax Deductible Donations

TAX DEDUCTIBLE DONATIONS

NORTH SALT SPRING WATERWORKS DISTRICT REGISTERED AS A CANADA REVENUE DONEE

The North Salt Spring Waterworks District, as a municipal body performing a function of government in Canada for the purposes of paragraph 149 (1)(c) of the Income Tax Act, is qualified as a donee.

What this means is that as a “qualified donee” the North Salt Spring Waterworks District is eligible to receive gifts and to issue official receipts for gifts received. Sections 110.1 and 118.1 of the Act provide that, within specified limits and if supported by official receipts, individual taxpayers may claim a credit against taxes payable, and corporations may claim a deduction in computing taxable income for the eligible amount of a gift made to a qualified donee.

An alphabetical list of Municipal or Public Bodies Performing a function of Government in Canada is available on the web here.

 

The Board of Trustees
North Salt Spring Waterworks District

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