What do I need to know about charitable contribution receipts?

What are charitable contribution receipts?

Charitable contribution receipts are documents provided by charities to donors, confirming their donations for tax purposes.

Do I need a receipt for every donation I make?

Yes, it's advisable to keep receipts for donations over $250, and for smaller amounts, it's good practice to have them as well.

How can I obtain a receipt for my donation?

You can usually request a receipt directly from the charity, either through their website or by contacting them.

What information should be included in a charitable contribution receipt?

A receipt should include the charity's name, the date of the donation, the amount donated, and a statement that no goods or services were provided in exchange.