Get a Tax Receipt for 2022 - Donate Your Car by December 31st
What is a tax receipt? How Does it Work?
A charitable tax receipt is a written acknowledgment of a donation to a charity. This receipt will reflect the fair market value of the item donated. For example, a vehicle with a market value of $500 would receive a $500 tax receipt from Homeless Cars.
What does this mean for you? The tax receipt will prevent you from having to pay tax on $500 of your income. This saves you money while directly supporting those experiencing homelessness and food insecurity in the community.
To get a tax receipt for the 2022 tax year, make sure you donate your vehicle by December 31st by submitting a donation form here.
Common Tax Receipt 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 $500 as of December 2022, however, this amount can certainly go up 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 most prominent 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 December, you will receive your tax receipt by the end of January for the 2022 tax year.
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 and donate your car today.
Homeless Cars is not affiliated with Kars4Kids, Kidney Car, Teen Challenge, or Car Heaven. Homeless Cars keeps donations local to the community the vehicle was donated in, ensuring every dollar goes to supporting Canadians in need of shelter, food, clothing, and emergency assistance.