Section C – Gifting arrangement information

1. Expected amount of cash payments from donors:

Enter the amount you expect to raise.

2. Expected amount of donation receipts to be issued to the purchaser of a minimum investment unit:

Code – Enter the code from the following list for the largest credit or deduction (in dollar terms) represented as being potentially allowable to a participant in the tax shelter.

1. If you enter code 49, describe the expected credit or deduction in Section L – Outstanding items.

Years 1 to 4, and Total – In the space for each of the first four years, enter the dollar amount of total credits or deductions potentially allowable to the purchaser of a minimum investment unit in the tax shelter. Enter the total amount of the gross deductions or credits in the designated space.

3. The property to be gifted is:

Tick ( ) the appropriate box.

4. Will the gifting arrangement involve a pre-arranged loan?

Tick ( ) the appropriate box.

If you answer yes, you have to complete Section E – Financing information.

5. Will the gifting arrangement include a security deposit, investment, insurance policy, or other arrangement?

Tick ( ) the appropriate box.

If you answer yes, you have to complete Section G – Security deposit, investment, and insurance policy information.

6. Was a valuation or appraisal report used to support the value used on acquisition or donation?

Tick ( ) the appropriate box.

If you answer yes, you have to complete Section J – Valuation and appraisal information.

If you answer no, you have to complete Section L – Outstanding items, to explain how the value of the gift will be determined.

7. How will the donor acquire the property?

Tick ( ) the appropriate box, and complete whichever of the following sections that applies to your response:

• Section H – Trust information;
• Section I – Purchase and sale information; or
• Section L – Outstanding items.

8. Donee information:

Donee's name and identification number – Enter the donee's name and identification number for each of the organizations involved.

Name and telephone number of donee contact person – Enter the name and daytime telephone number of the person we can contact for more information for each of the organizations involved.

Agreements – For each donee, tick ( ) the appropriate column under "Agreements."

If you answer yes, attach to the application a copy of any agreements entered into or being contemplated.

If you answer no, you have to complete Section M – Summary of arrangements to describe how the recipients will be involved, and what responsibilities they will have in the arrangement. Include any documents that were presented to the recipients to explain the arrangement, or the involvement of the recipient in the arrangement.

If there is not enough space, attach a separate list using the same format as on the form.

Forms and publications

• Form T5001, Application for Tax Shelter Identification Number and Undertaking to Keep Books and Records

Date modified:

2016-03-04