Do You Get a Tax Receipt When You Donate A Car?
Yes! When you donate your vehicle to Homeless Cars, you receive a tax receipt for the value of your vehicle.
Tax Receipts: How it Works & Common Questions
What is the guaranteed minimum tax receipt amount?
The minimum tax receipt amount is determined by fluctuating scrap metal prices. The current minimum amount is $600 as of October 2022, however, this amount can certainly go up from there depending on your vehicle.
How is the tax-receipt value determined?
The tax receipt is based on the vehicle’s year, make, model and condition. This information is coupled with the use of North America’s largest auction database to determine what your cars' current market value is.
In compliance with CRA regulations, Homeless Cars will provide you with a tax receipt for the fair market value of your vehicle, whatever the condition of the vehicle may be.
Can I use the receipt to claim a tax credit?
Yes, your receipt will be an official tax receipt for Canadian income tax purposes. You may use this receipt to claim available tax deductions or credits in accordance with the charitable donation tax rules applicable to your circumstances
Who issues my tax receipt?
Homeless Cars
When can I expect my tax receipt?
Homeless Cars will issue your tax receipt by the end of the month that follows your donation. For example, if you donate your vehicle in October, you will receive your tax receipt by the end of November.
Who is the tax receipt issued to if the vehicle is not in my name?
The tax receipt will be issued to the registered owner of the vehicle.
If someone has passed away and you’re the executor of the estate, the tax receipt can be in your name or in the name of the estate.
Ready to Donate a Car?
Donate your car, truck, SUV or Motorcycle to Homeless Cars by calling 1-833-465-7227 or by filling out a donation form to receive a tax receipt for the value of your vehicle.
Homeless Cars accepts vehicles in all conditions, even if they are no longer running. If you have a project car, an estate car, an old car or just bought a new car, let Homeless Cars take care of the challenge of retiring your old ride.