Under clause (c)(ii)(A) of the definition of total charitable gifts in subsection 118.1(1), can a graduated rate estate, which has made a gift, use the gift in the five years following the donation? In responding affirmatively, CRA stated:
Clause (c)(ii)(A) of the definition of "total charitable gifts" in subsection 118.1(1) applies to the GRE. This has the consequence that the eligible amount of a gift can be included in the calculation of total charitable gifts of a GRE or a former GRE for the taxation year in which the donation is made or in the five taxation years following the donation.