Why nobody gets a tax benefit when you donate at the checkout

Economics | 122538 hits | Jul 25 9:43 am | Posted by: DrCaleb

We're often asked at the checkout counter to give money to charity, but who gets the tax receipt? According to industry experts, nobody does â€” and the whole system is a boon for charities, and for retailers' marketing efforts.

Comments

by DrCaleb
Mon Jul 25, 2022 4:56 pm
The cynic in me just thinks the store only donates a small percentage to charity, and pockets most of it.
by raydan
Mon Jul 25, 2022 5:27 pm
"DrCaleb" said
The cynic in me just thinks the store only donates a small percentage to charity, and pockets most of it.

Must be why I never donate at these things.
by DrCaleb
Mon Jul 25, 2022 6:58 pm
I don't, because they often don't name a charity, or name a charity that isn't registered in Canada, like "Habitat For Humanity". (They are a non-profit)
by Tricks
Mon Jul 25, 2022 8:38 pm
The only one I'll typically do is firehouse subs. They have a charity setup to go to first responders to use/give back to their communities. And they do it right where instead of asking for x amount, they just ask if you want to round up to the closest dollar.

Plus their subs are great
by herbie
Mon Jul 25, 2022 8:50 pm
It's because THEY get the tax receipt for YOUR donation.
You think all that loose change donated at SaveOn and Jimmy P. doesn't get a receipt when he donates it all in bulk?
by JaredMilne
Tue Jul 26, 2022 4:32 am
This is why I do all my donations on my home computer. I get the receipt straight from the charity, and I can save it for when I do my taxes.

view comments in forum

Page 1

You need to be a member of CKA and be logged into the site, to comment on news.

Share

Advertise

All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest © 2023 by Canadaka.net