Property

Before you can donate property (real estate, jewellery, art, etc.), a professional appraisal must be completed by a qualified third-party appraiser to determine the fair market value of the property.

Once the appraisal is complete, and the property legally transferred, a receipt for income tax purposes will be issued for the appraised value.

A donor can make

• an irrevocable gift of property while retaining life interest (use and enjoyment for the remainder of the donor's life which is termed residual interest);
• donate it outright;
• place it in trust;
• gift it by will.