Donate a car to charity.

Tax information for donating your car to charity.

The amount which can be claimed for your auto donation is said to be the eligible amount. This is the fair market value of the vehicle minus any advantage value given back to the donor. Think of the “advantage” as a sort of thankful partial compensation on the part of the charitable organization to the donor. In order to be eligible for a tax deduction for your donated vehicle, ensure that the donee is considered to be a registered charity, or another organization qualified to issue donation receipts.

This includes, but is not limited to:

• Certain Universities
• Certain housing corporations which provide housing for seniors
• Canadian municipalities
• The United Nations
• Athletic associations
• The Government of Canada

Gifts in Kind, and how to make a deduction in Canada:
Donating a car in Canada is considered to be a charitable contribution of depreciable property, which is a type of Gift in Kind. That being said, a deduction made for your car donation will be subject to the appropriate deduction procedure.

No matter what the value of your deduction is, be sure to get a tax receipt which clearly lists the the name of the charitable organization, the donation date, model and year of the donated vehicle, the donor’s name, appraisal information, appropriate signature, as well as the charity registration number. Also take note that there is a time frame in which the receipt must be sent. Your tax receipt should be sent within 4 to 6 weeks of the time of sale of the donated auto.

Call Charity Car Program today and schedule a  free scrap car removal. 604-321-2277

Your Lower Mainland BC Vehicle Donation Headquarters info@charitycarprogram.ca

Call Charity Car Program today and schedule a  free scrap car removal. 604-321-2277 Lower Mainland BC Vehicle Donation. Vancouver, Abbotsford, Aldergrove, Langley, Mission, Maple Ridge, Pitt Meadows, Richmond, Delta
info@charitycarprogram.ca

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