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The rlg “care program” The RLG CARE Program begins with you making a nominal cash donation to charity buyer Charity.

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Presentation on theme: "The rlg “care program” The RLG CARE Program begins with you making a nominal cash donation to charity buyer Charity."— Presentation transcript:

1 The rlg “care program” The RLG CARE Program begins with you making a nominal cash donation to charity buyer Charity

2 Relief Lending Group Terms of the Loan: STEP 1: buyer 8 year term Fixed interest rate for duration of loan 4 years worth of interest is paid in advance Principle amount is paid in cash or upon return of Credit Certificate Buyer applies to RLG to finance the purchase of essential medicines from authorized vendors. Here is my cheque for the prepaid interest for $2000 $2000 Two Thousand Dollars

3 STEP 2: buyer Vendor I would like to purchase essential medicine to donate. What is the cost? If you pay cash your price will be $1.11 per dose. If you use an RLG Credit Certificate, your price will be $1.00 per dose. I would like to use my $10,000 RLG Credit Certificate to purchase the essential medicine. Paid: $10,000

4 STEP 3: buyer Charity I would like to donate the medicine I just purchased to your charity. Thank you for your donation. We will issue your donation receipt We appreciate your donation. You are entitled to a donation receipt for the fair market value of the medicine you purchased. The government’s formulary pricing for this medicine is at least $1.11 per dose. How much did you pay for it? The medicine cost me $10,000. Although the formulary value is higher, we can only issue you a donation receipt for your actual cost…$10,000. The rule is that the donation receipt must equal your cost. Donation Receipt: $10,000

5 Canada Revenue Agency 2008 Tax Return 2008 Tax Return buyer Tax filing T5003 Donation Receipt: $10,000 Tax Refund

6 Recommendation Use your tax savings wisely. Tax Refund Build your financial future! buyer


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