Managing your Personal Finances
If you make donation to an institution on a monthly, quarterly or yearly basis, make sure you can track where the payment came from. I would suggest that you write a cheque or set up an automatic withdrawal. In case CRA wants to assess or audit your books, you can easily track and prove your claim.
This is applicable for individuals and business owners.
“Reduce risks, pay on time, be efficient and save money and time” Renata Magalhaes
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