Summary Policy

Date
October 25, 2002 (Revised September 30, 2005)

Reference Number
CSP - C05

Key Words
Contribution (political parties)

Under the Income Tax Act, a monetary contribution means a contribution in the form of either cash or a negotiable instrument issued by the person making the contribution. Official receipts for income tax purposes can be issued for political contributions but not for services rendered or contributions in kind.

• Contribution, CIL-1997-002, CIL-1999-018, CIL-2001-017.
• Contributions to a Registered Party, a Registered Association or to a Candidate at a Federal Election, IC75-2R7.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 127(3) and (4.1).