Contribution to a political party

Summary policy

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

Reference number
CSP-C05

Key words

Contribution (political parties)

Policy statement

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.

References

• Information Circular IC75-2R9, Contributions to a Registered Party, a Registered Association or to a Candidate at a Federal Election
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 127(3) and (4.1)