Silent Auction

If you are reaching this page for the first time please start by reading the  CRA Donation Receipt rules  and the  bidding instructions   below .


Please note that the Silent Auction  will END on Wed May 12th at 1:00 PM 

        CRA Donation Receipt rules for Auctions.

        The CRA imposes rules for the charitable donation receipts for Auctions. The item donor and the winning bidder are both eligible for a donation receipt within the following rules and parameters. 

        In general, the item donor can receive a receipt for the "Fair Market Value" of the item donated. The buyer (Auction winner) receives a receipt for the difference between the "Fair Market Value" and the purchase price.


        • A receipt can be issued to the donor for the fair market value of the item at the time it is donated to the charity.
        • The donated item may be subject to the deemed fair market value rule.
        • If the fair market value of the donated item cannot be established, you cannot issue a receipt.
        • The fair market value of the item must be established and made known to all bidders in advance of the auction, or you cannot issue a receipt.
        • The winning bid must meet the intention to make a gift threshold (the posted value of the item cannot exceed 80% of the winning bid).  
        • Fair market value is usually the highest dollar value you can get for your property in an open and unrestricted market and between a willing buyer and a willing seller who are knowledgeable, informed, and acting independently of each other.
        • Click here for CRA explanation of What is deemed fair market value
        A bike is donated to a charity for an auction. The fair market value of the bike at the time of donation is $400. The fair market value of the bike is posted at the auction. The winning bid for the bike at the auction is $550.

        Calculation of eligible amount
      • Winning bid (the gift)       $550
      • Less advantage of Bike   $400
      • Total advantage                $400      
      • Eligible amount                 $150                                                                                                                                         
      • The amount of the advantage is $400 and a receipt may be issued to the winning bidder for the eligible amount of $150.
      • The fair market value of $400 for the bike was established at the time it was donated, and a receipt may be issued to the donor for $400.

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