What is a "Gift-in-Kind"?


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;
  • Stocks;
  • Bonds;
  • Personal items;
  • Inventory;
  • 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

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