Philanthropy and Tax Credits
A. Canada Revenue Agency's Definition of Philanthropic Intent
The Income Tax Act of Canada (the "ITA") defines a gift in sections 248(30) and (31). A gift is a voluntary transfer of property where the donor demonstrated donative intent.  In most cases, donative intent exists when any advantage (benefit) received by the donor as a consequence of making a gift does not exceed 80% of the total amount contributed. 

A gift is made in any circumstance where all three of the conditions listed below are satisfied:

  • A donor transfers some property, usually cash, to a registered charity and the university irrevocably accepts the gift.
  • The gift is strictly voluntary.  Legal obligation on the donor may cause the transfer to lose its status as a gift, or result in the value of the gift being reduced.
  • The eligible amount of the gift is ascertainable.

B. Tax Credits
Canadians making charitable donations are entitled to tax credits that reduce taxes directly.  Consult Development & Advancement Services for current information.

Canadian corporations and American taxpayers receive tax deductions. In most cases, the Internal Revenue Service recognizes Receipts issued directly by the university as tax deductible. In certain circumstances, gifts must be made through the University of Manitoba Foundation (see University of Manitoba Foundation USA Inc., section V B).

Gift Acceptance Policy

Gifts to the University

Definitions

Philanthropy and Tax Credits

Gift Appraisal, Acceptance and Disposition

Issuing of Receipts

Stewardship

Guidelines for Types of Gifts