November 14, 2014 - Vancouver, British Columbia - Canada Revenue Agency
The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, today celebrated National Philanthropy Day by applauding the many Canadians across the country who choose to donate to charities and is encouraging them to take advantage of the tax credits available for eligible charitable donations.
Minister Findlay particularly highlighted the benefits of the first-time donor’s super credit. The new temporary donor super credit provides an extra 25 percent federal credit on top of the original charitable donation tax credit. This means that eligible first-time donors can get a 40 percent federal credit for monetary donations of $200 or less, and a 54 percent federal credit for the portion of donations that are over $200 up to a maximum of $1,000. The donor super credit applies to donations made after March 20, 2013, and can only be claimed once between 2013 and 2017. This is in addition to the provincial credits available.
Those who have donated before can still be eligible for the charitable donation tax credit, a non-refundable tax credit which allows taxpayers to claim eligible amounts of gifts to a limit of 75% of their net income. For a quick estimate of your charitable tax credit for the current tax year, try the charitable donation tax credit calculator.
Minister Findlay also reminded Canadians that only Canadian registered charities and other qualified donees can issue official donation tax receipts. To find out if an organization is registered, taxpayers can go to the Canada Revenue Agency’s (CRA) website and search the Charities Listings at cra.gc.ca/charitylists.
For more information about donating, such as how to calculate and claim the charitable tax credit, go to cra.gc.ca/donors.
Follow us on Twitter and YouTube.
Rebecca Rogers
Director of Communications
Office of the Minister of National Revenue
613-995-2960
Noel Carisse
Media Relations
Canada Revenue Agency
613-952-9184
