Did you know...
... that charitable donations must be made by December 31, 2010 in order to qualify for a tax credit in the 2010 tax year?
Important facts
- Use the Canada Revenue Agency Charities Listings at www.cra.gc.ca/charitylists to:
- confirm charities' registration status;
- locate charities in your neighbourhood;
- learn about charities' activities and programs; and
- review charities' financial information.
- The first $200 you donate to registered charities or qualified donees is eligible for a federal tax credit of 15%. After the first $200, the credit increases to 29% of the amount over $200.
- You do not have to claim all the donations you made this year on your current-year return. You can carry forward any donations that you do not claim in the current year and claim them on your return for any of the next five years.
- To claim a tax credit, you will need an official donation receipt. Registered charities do not have to issue receipts. So, if you are planning to claim a tax credit, check the charity’s receipting policy before you donate.
- Gifts of services do not qualify for official donation receipts.
Learn more
To learn more about donating wisely, go to www.cra.gc.ca/donors, call 1‑800‑267‑2384, or watch the Giving to Registered Charities 101 videocasts on the CRA YouTube channel.
