Consider these benefits when donating to Ukrainian Canadian Care Centre
The federal government’s Budget 2013 established a First-Time Donor’s Super Credit to encourage charitable donations from first-time donors or those who have not claimed a charitable donation on their taxes in the last five years. It’s a great opportunity for anyone making their first charitable gift.
Charitable donations are eligible for tax credits. That means you get a certain portion of your donation back on your tax return. The standard federal tax credit for a donation is 15 per cent for the first $200 donated and 29 per cent for donations above that level. The Super Credit increases these federal tax credits by 25 per cent for those who have not made donations recently.
If neither you nor your spouse has claimed a donation tax credit in any year for the five preceding years, this CRA ruling indicates that you may now be eligible for tax credits as follows:
60 Richview Road, Toronto, ON M9A 5E4
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