Effective: January 27, 2018
Section: Revenue Cycle
Administrator: Office of the Comptroller General
Applicability: GNWT Departments and Public Agencies

POLICY

Donations of cash and/or non-monetary assets, having value to the recipient and where the donor expects and receives nothing in return, shall be accounted for as a charitable donation.

PURPOSE

To ensure that charitable donations are recognized appropriately.

SCOPE

This policy applies to receiving donations from private sector donors.  

RESPONSIBILITIES

Deputy Head

Ensure that controls are in place to properly recognize donations that have a value to the organization.

Comptroller General

May approve Interpretation Bulletins associated with this policy.

Financial Management Board

May issue a directive respecting the financial management or financial administration of a Department or Public Agency.

AUTHORITIES and REFERENCES

• Canada Revenue Agency (CRA) Interpretation Bulletin IT-110R3

INTERPRETATION BULLETINS