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The Canada Revenue Agency recently announced that it will allow individuals to claim donations in their 2004 returns for amounts donated to the Tsunami Relief Efforts from January 1, 2005 to January 11, 2005. In order to qualify, the donations have to be made to eligible registered charities and directed exclusively to the tsunami relief efforts. The organizations currently eligible are: Canadian Red Cross CARE Canada Development and Peace Doctors without Borders Oxfam Canada Oxfam Quebec (French only) Save the Children UNICEF Canada World Vision Canada TAX TIP OF THE WEEK is provided as a free service to clients and friends of the Tax Specialist Group member firms. The Tax Specialist Group is a national affiliation of firms who specialize in providing tax consulting services to other professionals, businesses and high net worth individuals on Canadian and international tax matters and tax disputes. |