Frequently Asked Questions

		What does "gift in-kind" mean?
		A gift in-kind means a gift in a form other than cash.
		Is there a limit to my participation?
		No. There is no limit to the amount of medicine you can purchase & donate. However, in any given year, a donor may receive tax credits resulting from donations of up to 75% of their income. If you donate more than 75% in any given year, you may carry the leftover tax credits forward up to 5 years.
		What is the amount I should see on my donation receipts?
		The amounts on the receipts from the charity will be based on the amount you paid for the pharmaceuticals and subsequently donated. The receipt for the 3% cash donation will be 20% of the amount donated.
		Can I donate the medicines I purchase to a charity of my choice?
		Yes. We ask donors who wish to participate in the program to choose ahead of time to donate the medicine kits they purchase to ActLap if they wish to participate in the MissionLife Financial initiative. If they do not wish to donate the medicine kits to ActLap, then we ask that they do not participate in the MissionLife Financial program. In order for MissionLife Financial Inc. (MissionLife)to maintain the integrity of its program, it only works with charities that have been thoroughly scrutinized and have passed an extensive process of due diligence. MissionLife has based all legal opinions relating to the donation program on working with the specific charities that have been selected for meeting the highest standards of operational effectiveness.
		How do I report my donations on my tax return?
		Please do NOT e-file your tax return if you have participated in the MissionLife Financial program – PAPER FILE ONLY. When filing your taxes, ensure that you keep a copy of all paperwork that you receive from MissionLife. You will need to submit your tax calculations, your donation receipts, and your T5003 form which will be sent from MissionLife in time to file your taxes.
		What happens if the Canada Revenue Agency (CRA) chooses to perform an audit on my participation in the program?
		In fact, it is certain that the CRA will perform an audit. However, it will be confined to an audit of your participation in the tax shelter only. MissionLife will be there to assist you in the steps you should take to deal with the audit. A legal defense fund is in place to fully defend any CRA challenge.
		Who and where do I call if I have any questions about the program and its processes?
		The first person you should contact is the person who referred you to the program as they would best understand your personal questions and needs. After that, you can call MissionLife directly at 1.888.630.5771, or to email them at info@missionlifefinancial.com