  Charitable donations, gifts and political contributions |
Enter all current year charitable and political contributions in the Charity group using the relevant option. DT Max will print Schedule 2 containing all amounts entered for the client.
The following options are applicable for the keyword Charity.
Charitable donations Charitable donations are gifts made to a qualified donee. A qualified donee includes: - a registered Canadian charity; - a registered Canadian amateur athletic association; - a Canadian tax-exempt housing corporation that only provides low-cost housing for seniors; - a municipality in Canada or under proposed changes, for gifts made after May 8, 2000, a municipal or public body performing a function of government in Canada; - the United Nations and its related agencies; - prescribed universities outside Canada; - a charitable organization outside Canada to which the Government of Canada has made a donation in the tax year , or in the previous tax year; and - the Government of Canada, a province, or a territory.
The partnership cannot deduct charitable donations when calculating its income or loss for tax purposes. If a partnership deducted such amounts from its income for accounting purposes, add them back to calculate the partnership's income or loss for tax purposes.
Donations of Quebec food products The eligible amount of a donation of food products can be increased by 50%:
If the food products were donated after March 26, 2015, by a partnership that is a recognized agricultural producer. The food products must have been donated to a registered charity that is either a Food Bank of Quebec or a Moisson member.
If the food products were donated after March 17, 2016, by a partnership that operates a food processing business. The food products must have been donated to a registered charity that is either a Food Bank of Quebec or a Moisson member.
The partnership cannot deduct donations of food when calculating its income or loss for tax purposes. If a partnership deducted such amounts from its income for accounting purposes, add them back to calculate the partnership’s income or loss for tax purposes.
The federal eligible amount for donations of Quebec food products remains at 100%.
Gifts of cultural property Cultural gifts include gifts of cultural property, certified by the Canadian Cultural Property Export Review Board, that your partnership gave to a designated institution or public authority in Canada.
The partnership cannot deduct gifts when calculating its income or loss for tax purposes. If a partnership deducted such amounts from its income for accounting purposes, add them back to calculate the partnership’s income or loss for tax purposes.
Gifts of ecological property Ecological gifts include gifts of ecologically sensitive land (or a covenant or an easement to which land is subject or, in the case of land in Quebec, a real servitude) certified by the federal minister of the environment, if your partnership donated it to Canada or a province or territory, a municipality in Canada, a municipal or public body performing a function of government in Canada, or an approved registered charity.
The partnership cannot deduct gifts when calculating its income or loss for tax purposes. If a partnership deducted such amounts from its income for accounting purposes, add them back to calculate the partnership's income or loss for tax purposes.
Gifts of works of art to a Quebec museum (125%)
Immovable for cultural purposes in Quebec (125%)
Gift of a work of public art in Quebec (150%)
Federal political contributions The partnership cannot deduct political contributions when calculating its income or loss for tax purposes. If a partnership deducted such amounts from its income for accounting purposes, add them back to calculate the partnership's income or loss for tax purposes.
Provincial or territorial political contributions The partnership cannot deduct political contributions when calculating its income or loss for tax purposes. If a partnership deducted such amounts from its income for accounting purposes, add them back to calculate the partnership's income or loss for tax purposes.
Municipal political contributions The partnership cannot deduct political contributions when calculating its income or loss for tax purposes. If a partnership deducted such amounts from its income for accounting purposes, add them back to calculate the partnership's income or loss for tax purposes.
Use the keyword RecipientName to enter the name of the gift's recipient.
Use the keyword AssociationName to enter name of the registered constituency association for purposes of the political contribution.
Use the keyword CandidateName to enter name of the candidate for purposes of the political contribution.
Select the jurisdiction of the provincial or territorial political contribution.
The following options are applicable for the keyword Province.pol.
Use the keyword Date to enter the date of the gift or contribution.
Use the keyword Desc-Property to enter a brief description of the property if it is a gift of property other than cash.
Use the keyword DonorName to enter the name of the donor as recorded on the receipt.
Use the keyword Value-Gift to enter the value of the gift. If the gift is cash, enter the amount. Otherwise, enter the fair market value of the property at the time the partnership gave it. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Elig-Amount to enter the eligible amount of the gifts.
The eligible amount of a gift or monetary contribution is the amount by which the fair market value (FMV) of the gifted property or monetary contribution exceeds the amount of an advantage, if any, received or receivable for the gift or monetary contribution. Under proposed legislation, there are situations in which the eligible amount may be deemed to be nil. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword PartyName to enter the name of the registered party for purposes of the political contribution.
Use the keyword AssociationName to enter name of the registered constituency association for purposes of the political contribution.
Use the keyword CandidateName to enter name of the candidate for purposes of the political contribution.
Select the jurisdiction of the provincial or territorial political contribution.
The following options are applicable for the keyword Province.pol.
Use the keyword Date to enter the date of the gift or contribution.
Use the keyword Desc-Property to enter a brief description of the property if it is a gift of property other than cash.
Use the keyword DonorName to enter the name of the donor as recorded on the receipt.
Use the keyword Value-Gift to enter the value of the gift. If the gift is cash, enter the amount. Otherwise, enter the fair market value of the property at the time the partnership gave it. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Elig-Amount to enter the eligible amount of the gifts.
The eligible amount of a gift or monetary contribution is the amount by which the fair market value (FMV) of the gifted property or monetary contribution exceeds the amount of an advantage, if any, received or receivable for the gift or monetary contribution. Under proposed legislation, there are situations in which the eligible amount may be deemed to be nil. Use [Alt-J] to enter different values for other jurisdictions.
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