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Date: November 10, 2009
File Format: PDF
State: Canada
Category: Tax Forms
Word Count: 243 Words, 1,580 Characters
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http://www.cra-arc.gc.ca/E/pub/tg/rc4424/schdl5.pdf

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Schedule 5 ­ Transfer of Property to an Eligible Donee
Complete a separate Schedule 5 for each eligible donee. An eligible donee is a charity that meets the following criteria at the time the property was transferred to them: (a) It is a "registered charity" under the Income Tax Act. (b) More than half of the members of its board of directors/trustees deal at arm's length with each member of the board of directors/trustees of the revoked charity. (c) It has filed all its annual information returns (T3010 and T3010A). (d) It is not subject to a suspension of its tax-receipting privileges. (e) It has no unpaid liabilities under the Income Tax Act or the Excise Tax Act. (f) It is not the subject of a certificate under the Charities Registration (Security Information) Act.

Certification of eligibility
I hereby certify that ______________________________________________________________________ met all the criteria listed
(Receiving charity) (BN/registration number)

above and was therefore an eligible donee at the time the property listed below was transferred to it. Name of authorized representative of eligible donee ( Date ) Telephone number

Signature

Description of transferred property

Date of transfer

Eligible amount transferred

Total eligible amount transferred (Transfer this total to line 500 of the Summary of calculations)

502 $

If the charity transferred property to more than one eligible donee, add the amount reported at line 502 in each completed Schedule 5, and then transfer this combined total to line 500 of the Summary of calculations.