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.
| |
July 25, 1990 |
| CHARLOTTETOWN DISTRICT OFFICE |
Business and General |
| R.H. McClinton |
Division |
| Director-Taxation |
Bill Guglich |
| |
957-2102 |
| |
901530 |
| |
EACC9486 |
SUBJECT: Tax Receipt for a Restrictive Land Covenant
This is in reply to your letter of June 26, 1990 addressed to our International & Provincial Relations Division regarding a donation of a restrictive covenant on land.
Attached is a copy of a letter, forwarded to the 24(1) which dealt with the same matter.
As regards the issuance of the gift receipt, it is the recipient of the gift that should issue the receipt. Both Her Majesty in the right of P.E.I. and the 24(1) could be considered qualified donees for purposes of section 110.1 of the Act. Registration Directorate informs us that the 24(1) is a registered charity (registration #0572818-59). Since paragraph 5(2)(b) of the P.E.I. Natural Areas Protection Act requires the restrictive covenant to be registered as a deed under the Registry Act the recipient will be identified on the deed.
We trust this will be of assistance to you.
B.W. DathDirectorBusiness and General DivisionRulings DirectorateLegislative and Intergovernmental Affairs Branch
c.c. C. SavageActing Director Provincial and International Relations Division
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© Her Majesty the Queen in Right of Canada, 1990
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© Sa Majesté la Reine du Chef du Canada, 1990
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