top of page

Sailboat Donation at Face value

Full appraisal value is your donation receipt elligible for a Tax credit in Canada or a USA Deduction on you tax return

The income tax treaty between the Canada and U.S. allows U.S. citizens/residents to claim charitable donations to Canadian organizations as a deduction on the U.S. tax return.  However, these contributions must still abide by U.S. tax laws and the percentage limits imposed by them .  Further, the donation must offset Canadian source income.  Therefore, if you are filing a U.S. tax return without any Canadian source income, the Canadian charitable donation will not be eligible for a deduction in that particular year.

Gryphon.png

Suivez nous:

  • Facebook B&W

freenancial.ca est une marque de commerce déposée de IAHV Canada

(Association Internationale pour les Valeurs Humaines) Fiducie de Biens et Services.

© Copyright (option copier non disponible)
bottom of page