I am helping a registered Canadian charity with their PP account. It was originally set up as a Merchant account and last year, received 9 online donations from May and June, when it was first set up. Unfortunately, the person in charge didn't know about transfering the money from PP to their linked bank account, so the money was only transferred today. My question is, if the donations were made in 2011, and the amounts were "held in trust" by PP (i.e.: not transfered to the bank account in 2011), are the donors still entitled to a tax receipt for 2011, or are they out of luck, because the money didn't get into the bank until this year. I'm hoping for a quick reply...thanks!! Dusteerose
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