Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
Principal Issues: Follow-up to 2000-002628
Position: Confirmed previous position
Reasons: No change in proposal or new arguments
XXXXXXXXXX 2000-004180
December 29, 2000
Dear Sirs:
Re: Certifigift - Charitable Tax Certificate Proposal
This is in reply to your letter dated August 4, 2000 and further to our previous correspondence to you, the most recent of which was our letter dated July 18, 2000.
The Canada Customs and Revenue Agency does not comment on specific products in the marketplace that have been issued by other taxpayers. We can advise you , however, that we have looked at the information that you provided and it has not changed the views that we expressed to you in our letter dated July 18, 2000. We would note that unlike the other arrangement you referred to in your letter, your proposal does not permit the retailer to redeem the certifigift for cash. As we previously noted unless the retailer is entitled to redeem the certifigift for the original selling price and is able to choose, but is under no obligation, to donate all or part of the money to a charity of his choosing the retailer would not be entitled to claim a deduction in respect of a gift to a charity.
The information that you provided is returned herewith.
We hope our comments are of assistance.
Yours truly,
F. Lee Workman
Manager
Financial Institutions Section
Financial Industries Division
Income Tax Rulings Directorate
c.c.: Jayne Bell, Charities Division
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© Her Majesty the Queen in Right of Canada, 2000
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© Sa Majesté la Reine du Chef du Canada, 2000
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