CRA Guidance on Canadian charities and consequences of returning donated property

Here is a guidance from CRA entitled “Qualified donees – Consequences of returning donated property CG-016”.  It points out that this CRA Guidance is dealing with tax issues and “These provisions do not address whether a transfer of property to a qualified donee was a gift at law, nor do they confirm whether a qualified donee can legally return a gift. Before returning donated property, qualified donees should determine if other provincial or federal legislation may affect their ability to legally return donated property.”  Furthermore CRA notes “Caution for registered charities -  In rare and unique circumstances, there may be a legal requirement for a donee to return a gift. As a general rule, however, a registered charity cannot return a gift.”