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What are the benefits of having an IPC status?

Updated by MCCY-CU

Charities with IPC status are able to issue tax-deduction receipts for qualifying donations received from donors. In other words, donors are given tax deduction for qualifying donations made to an IPC.

 

Currently, donors are given a tax deduction of 2.5 times for the donations made to IPC.

Topics:

Institution of a Public Character (IPC) Status

Related questions

What is an Institution of a Public Character (IPC) status?

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What types of donations to IPCs are eligible for tax deduction?

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What are the considerations that IPCs need to take when issuing tax-deduction receipts (TDRs) to donors on qualifying donations received?

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Will the donation received through an auction held by an IPC qualify donors for tax deduction?

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