I-3, r. 1 - Regulation respecting the Taxation Act

Section 712.0.0.1r1 Disposition versions

2014-12-23

712.0.0.1R1. For the purposes of the first paragraph of section 712.0.0.1 of the Act, the requirements that must be met by an organization or a donee in respect of a spoiled receipt form are the following:

(a)  that receipt form must be kept in the records of the organization or the donee together with the duplicate thereof; and

(b)  the organization or the donee must inscribe the word “cancelled” on the receipt form.

For the purposes of the first paragraph, a receipt form on which any of the following is incorrectly or illegibly entered is deemed to be spoiled:

(a)  the date on which the gift is received;

(b)  the amount of the gift, in the case of a gift of money;

(c)  a description of the advantage, if any, in respect of the gift and the amount of that advantage; and

(d)  the eligible amount of the gift.

s. 712.0.0.1R1; O.C. 473-95, s. 13; O.C. 134-2009, s. 1; O.C. 1105-2014, s. 15.

2012-09-01

712.0.0.1R1. For the purposes of the first paragraph of section 712.0.0.1 of the Act, the requirements that must be met by an organization or a donee in respect of a spoiled receipt form are the following:

(a)  that receipt form must be kept in the records of the organization or the donee together with the duplicate thereof; and

(b)  the organization or the donee must inscribe the word “cancelled” on the receipt form.

For the purposes of the first paragraph, a receipt form on which the amount of the donation or the date on which it was received is written illegibly, incorrectly or in such a way as to be confusing is deemed to be spoiled.

s. 712.0.0.1R1; O.C. 473-95, s. 13; O.C. 134-2009, s. 1.