Tax Receipt Guidelines
Sportunity is a registered Canadian Charity (#1357025-80), and is eligible to issue official receipts for income tax purposes. Sportunity is under obligation to comply with the rules and regulations set forth by the Canada Revenue Agency (CRA) in relation to the issuance of official tax receipts.
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In order to issue an official tax receipt, the following criteria must be met:
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The donation must be made through Sportunity’s official website (www.Sportunity.ca)
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Donation must be of $10 or more
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If any of the below criteria is met, Sportunity cannot provide an official tax receipt:
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Sponsorship - The CRA describes sponsorship as a scenario where a company donates to a charity and, in exchange, gets promotion or advertisement for its brand, products, or services, such as visibility on banners, signs, promotional items, or ads.
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Cause Marketing - The CRA characterizes cause marketing as a fundraising endeavor in which a registered charity collaborates with a profit-oriented entity to endorse the latter's products or services, with the understanding that a portion of the proceeds will be directed to the charity.
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Pledge - The CRA describes a pledge as a commitment to donate at a future date. Until the charity has received the promised amount, it isn't considered a gift. Consequently, a tax receipt can only be provided once the pledged amount is actually donated.
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Donations from other registered charities
*For more information, please email us at info@Sportunity.ca
