Topics to Discuss

  1. Introduction:
  2. Cross‐Border Donations
  3. Information Sharing, including CRS
  4. Trust Tax Return Filings
  5. Canada Business Corporations Act

Cross‐Border Donations

  • Generally, Canadian resident can only get tax credit for individual or income deduction for corporation on donation to Canadian registered charity
  • Exceptions:

    • Certain foreign universities qualify if registered with the CRA under the ITA
    • Article XXI‐7 Canada‐U.S. Tax Treaty permits recognition of Canadian resident donation to U.S. charity, provided donor has U.S.‐source income
  • Alternative: Canadian charity registered as "Canadian Friends of Charity X"

To view the full article please click here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.