Q. We are preparing to file our T3010 and there's a question about "Gifts in Kind". What is that?
Short Answer: A Gift in Kind is a gift of property that is not cash.
Comprehensive Answer: A Gift in Kind includes many types of property, including:
- Real Estate;
- Personal items;
- Capital Property;
- Depreciable Property.
Note: Hobby crafts and home baking, items of little value, will not qualify as Gifts in Kind, and the recipient Charity may not issue a tax receipt for them.
For more detailed information about Gifts in Kind, click on http://www.cra-arc.gc.ca/E/pub/tp/it297r2/it297r2-e.html