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Last revision: 24/11/2023
Available formats: Word and PDF
Size: 1 page
Rating: 4.8 - 2 votesFill out the template
A General Receipt is a document by which one party can evidence that they received something from another party. Receipts are most often used in situations of sales, like the sale of goods or services. They can also be used for documents and monetary transactions (such as the fulfillment of a debt or other obligation) as well as donations.
If a Rent Receipt is desired, that is a separate document available for download.
Receipts are generally pretty simple and only need the basic information about the transaction between the parties.
How to use this document?
This document can be used for any type of receipt. The document is set up to assist the form filler with the most common types of receipts: Monetary Receipts, Document Receipts, Goods Receipts, Services Receipts, or Donation Receipts. If none of these are the correct categorization, the receipt also has an option for "Other", whereby the form-filler can enter the details of the transaction.
The form-filler will enter name and address information for each party and then choose the type of receipt. From there, additional details will be asked about the transaction to help fill the receipt out.
Afterwards, it is a good idea to have the document signed by the individual accepting receipt - whether it is accepting receipt of money or documents or goods, etc. Then, ideally, a copy will be kept by both parties with the original going to the individual who did not sign it.
Under the Income Tax Act and Canada Revenue Agency's guidance, specific requirements apply to Donation Receipts. The receipt must contain the name of the person receiving the money or items, the transaction date, a description of the items underlying the receipt, the amount paid if it was monetary, and how it was paid. Donation receipts also need to contain additional information about whether goods or services were exchanged for the donation.
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