Canadian Humanitarian Trust

[Devo]

I recently attended a seminar hosted by this group which offers considerable tax benefits by participating in this program. In a nutshell, you buy pharmaceuticals which are donated to countries in need. You then get a tax receipt for an amount greater than your initial cash donation. Does anyone have any experience or knowledge of this program?

Thanks in advance

 

[angelina]

I cannot access Vancouver Sun's archives to find David Bains' May 9th article on this topic but you may have better luck.

"Taxpayers should be aware of the risks associated with participating in certain tax-shelter gift giving and donation arrangements, inncluding gifting trust arrangements, leveraged cash donations, and buy-low, donate-high arrangements."- CRA's website