Penny Auctions Canada - Charity Auctions Canada - Rules for charitable receipts for auctions in Canada
Charities issue tax receipts for each piece that is auctioned at fair market value, rather than the price at which the item is sold. Revenue Canada recommendations state that charities should utilize an independent appraiser for works of a higher value than $1,000. Pieces with a market value of less than $1,000 can be appraised by an agent of the organization.