Income Tax Regulations (C.R.C., c. 945)

Regulations are current to 2015-03-03 and last amended on 2014-12-16. Previous Versions

Contents of Information Returns

 Every information return required to be filed under subsection 110.1(16) or 118.1(27) of the Act in respect of a transfer of property must contain

  • (a) a description of the transferred property;

  • (b) the fair market value of the transferred property at the time of the transfer;

  • (c) the date on which the property was transferred;

  • (d) the name and address of the transferee of the property including, in the case of an individual, their first name and initial; and

  • (e) if the transferor of the property, or a person not dealing at arm’s length with the transferor, issued the receipt referred to in subsection 110.1(14) or 118.1(25) of the Act, the information contained in that receipt.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. 2011, c. 24, s. 82.

Employees’ Charity Trusts

[SOR/94-140, s. 9(F), SOR/94-686, s. 51(F)]

 Where

  • (a) a registered organization

    • (i) is an employees’ charity trust, or

    • (ii) has appointed an employer as agent for the purpose of remitting, to that registered organization, donations that are collected by the employer from the employer’s employees, and

  • (b) each copy of the return required by section 200 to be filed for a year by an employer of employees who donated to the registered organization in that year shows

    • (i) the amount of each employee’s donations to the registered organization for the year collected by the employer, and

    • (ii) the registration number assigned by the Minister to the registered organization,

section 3501 shall not apply and the copy of the portion of the return, relating to each employee who made a donation to the registered organization in that year, that is required by section 209 to be distributed to the employee for filing with the employee’s income tax return shall be an official receipt.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/94-140, s. 10;
  • SOR/94-686, s. 51(F).

Universities Outside Canada

 For the purposes of subparagraph (a)(iv) of the definition “qualified donee” in subsection 149.1(1) of the Act, the universities outside Canada named in Schedule VIII are prescribed to be universities the student body of which ordinarily includes students from Canada.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. SOR/90-411, s. 1;
  • SOR/94-686, s. 51(F);
  • 2011, c. 24, s. 83.

Prescribed Donees

 For the purposes of subparagraphs 110.1(2.1)(a)(ii) and 118.1(5.4)(a)(ii) of the Act, the following are prescribed donees:

  • (a) Friends of the Nature Conservancy of Canada, Inc., a charity established in the United States;

  • (b) The Nature Conservancy, a charity established in the United States; and

  • (c) American Friends of Canadian Land Trusts.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. SOR/86-488, s. 6;
  • SOR/94-140, s. 11;
  • SOR/94-686, s. 51(F);
  • SOR/2007-74, s. 2;
  • SOR/2010-197, s. 1;
  • 2013, c. 34, s. 394.