CROMARTY COMMUNITY INDOOR TENNIS CENTRE

HOME PAGE

OUR CHARITY DONATION DRIVE

To Construct An Indoor Tennis Facility On Cape Breton Island, Nova Scotia,
Available To The General Public
(Our Proposed Tennis Facility)

The Cromarty Community Indoor Tennis Centre (CCITC), a tax-exempt Sydney-based charitable organization, registered with the Canada Revenue Agency as BN 848036968RR0001, has begun its donation drive to build the first indoor facility in Cape Breton designed exclusively for the game of tennis. A public facility available on a first come, first served basis, the Centre will also advance education by providing tennis lessons to students as a component of a school curriculum, and by offering training courses for tennis coaches, officials and instructors. It will also relieve conditions associated with aging by providing tennis programs for the aged; and it will afford relief to persons with disabilities by developing and implementing tennis programmes for the disabled.

Official receipts will ensure that eligible donors will benefit from all the tax incentives associated with gifting to our registered charity.

Gateway Menu To The Rest Of Our Site

ACCEPTABLE CHARITY DONATIONS

(Charitable Tax Number: 848036968RR0001)

Please Click On The Donate Now Image Below

If You Wish To Donate and Receive An Immediate Tax Receipt

CanadaHelps.Org is a guaranteed secured donor site recognized by the Canadian Revenue Agency

---------------

Or

Make An In-Person Deposit At The Following Institution:

Royal Bank of Canada
325 Prince Street, Sydney, NS
Account: Cromarty Community Indoor Tennis Centre

(Please Call 902-539-3115 With Your Name, Address and Donation Amount So That We Can Send You A Tax Receipt)

-------------------------------------------

Some payments to registered charities do not usually qualify as gifts:

The payment of a basic fee for admission to an event or to a program (e.g., fees for day-care or nursery school facilities);

The payment of membership fees that convey the right to attend events, receive literature, receive services, or be eligible for entitlements of any kind (e.g., free access to facilities the public has to pay for). However, membership fees are considered as gifts if they confer no more than the right to vote at a meeting and to receive reports of the charity's activities, unless such reports are otherwise available for a fee;

Any portion of the purchase price of a lottery ticket or other chance to win a prize, even though the lottery proceeds benefit one or more charities;

The payment of tuition fees (except as permitted by Information Circular 75-23, Tuition Fees and Charitable Donations Paid to Privately Supported Secular and Religious Schools);

Contributions of services (i.e., time, skills, effort). Contributions of services are not property and do not qualify. However, a charity can pay for services rendered and later accept the return of all or a portion of the payment as a gift, provided it is returned voluntarily;

A payment from a business for which the business receives a material advantage such as promotion or advertising in return. For taxation purposes, the business may be able to claim the contribution as an advertising expense;

A gift subject to a direction by the donor that the charity transfer the funds to a specified person or family. In such an instance, the donor has made a gift to the person or family and not to the charity; and

A gift subject to a direction by the donor that the charity give the funds to a non-qualified donee.

For details, see:
www.cra-arc.gc.ca/E/pub/tg/rc4108/README.html

________________

Corporate Donations

The maximum amount of charitable donations that a corporation can deduct is equal to 75% of its net
income (line 300). This limitation can be increased by the following amounts:

25% of the taxable capital gains arising from gifts of capital property (other than for gifts of ecologically sensitive land or of Canadian cultural property) made in the year and included in taxable income for the year;

25% of all taxable capital gains in the year from the disposition in a previous year of a non-qualifying security of a corporation that is making a gift to a qualified donee; and

25% of whichever is less:

the amount of recapture, included in the income of the year, arising from the donation of a prescribed class of depreciable property; or

the lesser of the capital cost and the proceeds of disposition of the property minus any outlays and expenses made for the purpose of making the disposition.

Gateway Menu To The Rest Of Our Site