All monies donated are for Canada Revenue Agency approved projects.
Currently approved projects are:
Regular Projects: Those projects that take place in the short term and for which the donation can be applied within one year.
Long Term Projects: Those projects where fund raising will take place over a longer period of time and donations will be applied over a year from the time of receipt.
All new projects at BOTH the Corporate and Regional level must be submitted to CRA through the Corporate Treasurer.
These must be printed and controlled at the Corporate level.
The project for which the donation was made must be printed on the receipt only if the donor has specified a project. This also applies to all long term projects.
One Corporate level report to be completed by May 31st each year.
special form to be used
must be accompanied by Audit letter
for regular projects, funds must be allocated and disbursed within the year following receipt of the donation.
funds may be accumulated over a longer period of time for specific projects which have been approved by CRA (Long Term Projects)
Failure to comply with these requirements will result in the loss of the Charitable Organization status.
The receipt may be issued at both Corporate and Regional levels, depending upon whether the donor is contributing to a Corporate or Regional project.
Should the donation be submitted for Regional projects, the choice of whether the receipt is issued at the Corporate level or from the Region is left to the individual Region.
|Rev #||Date||Change Description||Approval Method||Reference||Remarks|
|0||30 May 04||Initial version|
|1||Jan '13||Updated and converted to HTML||BOD Online Meeting 23 Jan||Minutes|
|2||Aug '16||Name change: Monument Badge changed to Gravestone Marker||BOD|