As a registered charity, Dawson Creek Food Bank Society (DCFBS) issues receipts in accordance with Canada Revenue Agency (CRA) guidelines.
- When donating as an individual, CRA requires that you provide your residential address.
- When donating as a Corporation/Group, CRA requires that you provide your Corporate/Group address.
For more information, visit the Canada Revenue Agency at canada.ca/charities-giving.
Monetary Donations
- Eligible donations of $10 or more will receive a tax receipt if full name and address are provided at the time the donation is made (home address must be provided).
- Donations made online receive an electronic tax receipt to the e-mail provided at the time of the donation.
- Tax receipts for donations of less than $10 can be issued upon request.
- Gifts made to purchase or win raffle tickets, auction items, or other items of value do not qualify for a financial tax receipt, as CRA considers this an exchange of value.
Gift-In-Kind Receipting (Food)
Under current Canadian tax law, donors of food and consumer products receive no tax benefit for their donation. Typically, companies will write off the cost of the product, or a percentage of the cost, and can do so within the regulations of Revenue Canada; these do not require a receipt.
We are happy to provide an acknowledgement indicating the receipt of the donated products.
Marketable Securities Donations
- The value and the tax-receiptable amount of marketable securities donations are determined by the value of trading on the date of receipt of the donation.
- Tax receipts will be issued within 1 week of receiving a donation, or can be issued at other times upon special request by donors.
Gift-In-Kind Receipting (Not Food)
- DCFBS will review all donations to ensure reasonableness of value prior to issuing any tax receipts.
- Some donations of property from individuals — such as products, equipment, supplies, auction items, and other similar tangible items — may receive a tax receipt if we are provided with a third-party invoice, receipt, qualified appraisal, or similar documentation declaring the fair market value of the donated item. Tax receipts for gift-in-kind donations will be issued within 60 days of receipt of the item.
- Gifts of services for a silent auction, raffle, or fundraising event will NOT be issued tax receipts in accordance with CRA regulations, as services do not qualify as gifts of property.
- Donations of property from corporations will receive a letter confirming receipt and a description of the item, but not a charitable tax receipt. It is DCFBS’s understanding that companies may use this letter as documentation to write off the cost, or a percentage of the cost, of the product according to CRA policies, and do not require an official charitable tax receipt to do so.
Service-In-Kind Donations
- DCFBS will review all invoices to ensure reasonableness of the charge for services prior to issuing any tax receipts.
- Donors of some services to DCFBS — such as graphic design, printing, training, repair, cleaning, and professional services (i.e. legal, accounting, consulting) — may be eligible to receive a tax receipt if certain conditions are met:
- The vendor must issue an invoice or receipt to DCFBS for the fair market value of services provided.
- DCFBS will issue a cheque in full payment of the services received (i.e. pay the invoice).
- The vendor will make a monetary donation for all or a portion of the payment received for their services.
- Tax receipts will be issued within 1 week of receiving the donation, or can be issued at other times upon special request by donors.
- According to CRA standards, the donation of volunteer services of time to the food bank — sorting, office work, etc. — does not qualify for a tax receipt. We are, however, happy to provide a formal letter upon request, recording time spent volunteering.
Special Events / Ticket Sales / Sponsorships
Individuals/Corporations purchasing tickets for special events will receive a tax receipt for the amount of the “gain” received (ticket cost less value of products/services received).
- Tax receipts will be issued after the event accounting is completed and net “gain” tax receipt amounts can be calculated, typically within 60 days.
- Individuals/Corporations purchasing sponsorship opportunities (i.e. galas, food drives) will NOT receive a tax receipt in accordance with CRA regulations, since they are gaining the benefit of the advertisement of their corporate name at the event.
Unsure if your donation qualifies as a gift eligible for an official income tax receipt? Please contact us at admin@dcfbs.ca.
Tax Receipts: We will mail tax receipts for eligible gifts by February 28th, yearly.
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