Increase in the eligible amount of donations of food products by eligible businesses (Québec only)
If the corporation is eligible for the increase in the eligible amount of donations of food products for donations made after March 26, 2015, select the check box Donations of food products by farming businesses that give entitlement to a 50% raise. When this check box is selected, the 50% increase is applied to the amount of donation and the amount is added to the line Total charitable donations made in the current year of the Québec column.
To be eligible for the increase, the corporation must be a recognized agricultural producer and make a donation of food product to a registered charity that is either the Food Banks of Quebec or a Moisson member. Donations of food products made after March 17, 2016, by a corporation carrying on a food processing business as well as donations made after that date to a registered charity that is an Associate member also give rise to a 50% increase.
Associate members that have registered charity status are Accueil Blanche Goulet de Gaspé inc., Centre d'action bénévole Ascension Escuminac, Centre d'action bénévole La Grande Corvée, Centre communautaire Pro-Santé inc., Centre de bénévolat de Port-Cartier inc., Collectif Aliment-Terre, Comptoir alimentaire de Sept-Îles, Comptoir alimentaire L'Escale, Service alimentaire et d'aide budgétaire de Charlevoix-Est inc. and Source alimentaire Bonavignon.
A recognized agricultural producer is a business registered as an agricultural operation with the Ministère de l’Agriculture, des Pêcheries et de l’Alimentation, in accordance with the regulation enacted under section 36.15 of the Act respecting the Ministère de l’Agriculture, des Pêcheries et de l’Alimentation, or that is a member of a partnership operating such a business at the end of the partnership’s fiscal period.
See Also
T2 Corporation – Income Tax Guide
Guide de la déclaration de revenus des sociétés (available in French only)