What are the important event that needs to be remembered by a fundraiser, while explaining to an accountant?
Advantage rule of Feb. 27, 2004: a proposed statutory provision, describing the eligible amount of gift or monetary contribution:

The eligible amount of a gift or monetary contribution is the amount by which the FMV of the property exceeds the amount of the advantage, if any, in respect of the gift.

Technical Amendments of July 18, 2005.


How tax credit is calculated:
17% on first $200, and 29% on the amount that exceeds $200. Federal + Provincial Tax Credit


What is a Gift?
A gift is a voluntary transfer of property for which the donor receives no benefit in return.


Is the GLGI Program legitimate?
Under the current laws, this is a legitimate program.


What makes it legitimate?
The spirit of Act

The donation in kind prior to the cash donation


What is a gift in kind?
Refers to property, other than cash. It does not include gift of services.


Can I carry forward my charitable gifts?
Yes, you can carry forward your donations for the following four years from the year of donation.


Will I receive my existing tax returns?
You will receive far more than what you are receiving in your tax returns.


Can I use my RRSP for cash donation?
Yes


Will I have to pay taxes on my RRSP withdrawal?
Yes


How can we assess the FMV of the software?
This is available on Internet by the publisher Infosys Inc.

Appraised by EMC Partners, and revised by Wise Blackman LLP


Website for the verification of FMV:
www.HowToMaster.com


Once I am a fundraiser, what should I do?
Follow the steps in "client contact questionnaire", especially item # 12".


Let me know one thing more apparently, you want me concentrate on donors or convince people to join as fundraiser. I need your guidance.
Start with donors. To have cash flow for yourself in form of compensation. Next target fundraisers. This will give you own organization and overrides.


How important is Legal opinion binder?
All the information on the program can be extracted from the legal binder.


I visited the web site GLGI, I noticed that members been issued password to access more details. Will it be possible after a certain time?
Yes it is possible at a later date.


I observed that fundraiser always carry his or her identity card and this is important to present if anyone demands for. I want to know?
Yes, we can get your cards made, once you have done a transaction. You can forward your name contact number and email address that you want on the card.


Is it possible to get weekly schedule for activities at your place, so whenever is a chance to visit?
Our fundraiser session is on Every Thursday, and Donor session on Saturday. Pls. do inform us if you are bringing someone.


Why Global Trust is giving computer courseware without any payments?
- To involve plenty of people to do philanthropic work in Canada

- To act as a catalyst to raise funds for charities


Who sets up the ratio between cash and courseware?
The Fundraiser


What happened to people who donated in past in art donations?
It was challenged in the court, and the ruling was given in favor of the donors.