Concept introduced by the Government of Canada in December 2002 to reflect its “interpretative approach” that allows the issuance of an official receipt for income tax purposes even if a benefit or advantage results from the gift.  Previously, a voluntary and outright transfer of property for no consideration and a clear donative intent was required.  Now as can be seen in the definitions of advantage and eligible amount of gift receipt can be issued where the gift represents:

• A voluntary transfer of property to the donee with a clearly ascertainable value,
• A reduction for any advantage received or to be received, and,
• A clear donative intent.