Post on 18-Dec-2015
The rlg “care program”
The RLG CARE Program begins with you making a nominal cash donation to charity
buyer Charity
Relief Lending Group
Terms of the Loan:Terms of the Loan:
STEP 1:
buyer
8 year termFixed 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
Here is my cheque for the prepaid interest for $2000
$2000Two Thousand Dollars
STEP 2:
buyer Vendor
I would like to purchase essential medicine to
donate. What is the cost?
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.
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.
I would like to use my $10,000 RLG Credit
Certificate to purchase the essential medicine.
Paid:$10,000
STEP 3:
buyer Charity
I would like to donate the medicine I just purchased
to your 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
Canada Revenue Agency
2008 Tax Return2008 Tax Return
buyer
Tax filing
T5003Donation Receipt:
$10,000
Tax Refund
Recommendation
Use your tax savings wisely.
Tax Refund
Build your financial future!
buyer