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Charity In Ramadan
5-16-2018
Imams Al-Bukhari and Muslim reported that Ibn ‘Abbas, may Allah be pleased with him, had said, “The Prophet (saws) was the most generous of people. He used to be the most generous in Ramadhan when he would meet with angel Jibreal and study the Quran with him. Angel Jibreal would meet with the Prophet every night in Ramadan to teach him the Quran. The Prophet was so generous when he met with Jibreal, more generous than the wind that brings rain.” Imam Ahmad added to this narration, “And nothing he was asked for but he would give it.” Furthermore, Al-Bayhaqi reported that ‘Aaishah, may Allah be pleased with her, had said, “When Ramadan would start, the Prophet would release all prisoners of war and fulfill the need of every person who would ask him for something.”
Generosity and giving are attributes that Allah likes for Muslims to have. Also, Allah is the most Generous and Giving of all. Indeed, Allah’s Generosity multiplies in Ramadan. Similarly, the Prophet’s generosity increased in Ramadan, and indeed he is the man whose personality entails all the attributes mankind seek and vie for.
Tax Benefits of Donation
· Only Canadian registered charities or other qualified donees may issue official donation receipts that qualify for charitable tax credits.
Donations of cash, goods, land, or listed securities to a registered charity or other qualified donees are eligible for a charitable tax credit. For a donation to be eligible, the transfer of ownership has to be voluntary.
Examples of donations that do usually qualify for charitable tax credits include:
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money;
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securities;
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ecologically sensitive land;
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certified cultural property;
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capital property;
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personal-use property (such as paintings, sculptures, jewellery, stamps, and coins); and
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inventory (such as art, antiques, rare books).
Examples of donations that do not usually qualify for charitable tax credits include:
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contributions of services, such as time, skills, effort;
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the payment of a basic fee for admission to an event or program (for example, fees for daycare or nursery school facilities);
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the purchase price of a lottery ticket or other chance to win a prize, even though the lottery proceeds benefit one or more charities;
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the payment of tuition fees (exceptions exist)
Tips for donating wisely:
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use the Charities Listings or Other qualified donees listings to confirm that the organization is eligible to issue official donation receipts
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learn about the organization’s activities and how it is managed
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beware of donation schemes that promise a tax receipt for more than you donated
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write cheques to the charity, not to an individual
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make sure that your online payments are secure
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refuse to donate if there is pressure to give right away, or if there are any other signs of fraud
Footnotes: Footnotes: This column is presented as a general source of information only and is not intended as a solicitation for business. Mohammed Yasin, CPA,CGA, is the principal of M. Yasin & Co. Inc., Certified General Accountants and has offices in Vancouver & Surrey,B.C.
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