Donations

REGISTERED CHARITY: AMATEUR ATHLETIC ACCOCIATION

Boxing Canada (Head Office) is a registered Charity under the above noted classification.

To download either of the following forms (PDF format) click on their titles:

Donation:

Voluntary transfer of property without valuable consideration given in return.
Donations must be made payable to Boxing Canada.
Donations only entitle supporters to receive a tax receipt.
Donations must be received by Boxing Canada by December 20 each year to quality for that year's donations.

Conditions to be satisfied - General Rule

Property - usually cash - is transferred by a donor to a Registered Charity (Contributions of Services i.e., time, skills, effort, do not qualify).
Transfer is voluntary - no legal obligation on the payor.
Transfer is made without expectation of return - no benefit of any kind - to the donor or to anyone designated by the donor may result from the payment.

Administration:

If the donors indicate the purpose of the payment on the cheque, it has to indicate "donation".
There will be a 10% administration fee charged on each donation.

Fundraising Programs

All new Fundraising programs must be approved by Boxing Canada.
A Fundraising activity which is not National or Provincial in scope will not be approved by Boxing Canada.
Individual Clubs fundraising activities other than pre-approved National or Provincial are not eligible for Tax Receipts.

National Development Fund

In order to qualify for the National Development fund, the Province or Club must fill in the National Development Fund Application Form.
On the application for the National Development Fund you may indicate such items as:

Facility rental
Coaching assistance costs
Other club development activities (specify)

The filing of the form is mandatory and makes your club/Province eligible for grants towards the listed projects.

Non-eligible Donations

Contributions that do not qualify as gifts and therefore a Charity may not issue Official Tax Receipts.

Examples:

Membership Fees that convey the right to attend events, receive literature, participate in a recreational program or be eligible for entitlements of any material value.
Payment for a Lottery Ticket or other chance to win a prize is not a gift.
Donation of services (a Charity may pay for services and then accept the return of all or a portion of the payments as a gift - Donor must account for payment as taxable income).
Gifts directed to a person designated by the donor do not qualify as donations eligible for Income Tax

Receipts

Gifts directed to a foreign charity. A Charity must be a Registered Canadian Charity.

Control of Receipts

Charities are expected to guard against the unauthorized use of Official Receipts. Any lost or stolen receipts should be reported to Revenue Canada (CCRA).

Lost or Spoiled Receipts

A Charity may issued a replacement which must contain all required information plus a notation to the effect that "this cancels and replaces receipt number (insert serial number of the lost receipt)." There is an administration charge of $20.00 for re-issuing tax receipts.

Date of Issue

The date on which receipt was prepared.

Other Requirements:

Completion of Charities return form T2052(3) within 6 months from end of Fiscal Period (March 31).
Monitor all donation receipts to ensure compliance with requirements of the Income Tax Act.