CRA letter on naming rights for business donation and whether advantage for split receipting rules

March 21, 2011 | By: .(JavaScript must be enabled to view this email address) Mark Blumberg
Topics: News, What's New from the Charities Directorate of CRA, Canadian Charity Law

Here is a CRA letter on whether naming rights for provided to a business that made a donation to a registered charity is an advantage under split receipting rules.  In other words if a business has a naming opportunity is there a value/advantage in that naming opportunity such that the Canadian charity must reduce the value of the gift when determining the “eligible amount of the gift” for Income Tax Act purposes?

CRA letter on whether naming rights for business that made donation is advantage under split receipting rules

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Charity Lawyer Mark Blumberg

Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.
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