Minister Findlay reminds Canadians that you have until December 31st to make a charitable donation to benefit from a tax deduction on 2014 tax return
December 17, 2014 Vancouver, BC Canada Revenue Agency
The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, today joined representatives from the Ronald McDonald House BC to celebrate and thank the volunteers and donors who support this worthy cause and so many others across Canada, particularly during the holiday season. The Minister encouraged Canadians to take advantage of the first-time donor’s super credit to help make a difference in their communities during the holiday season by giving to a charity of their choice.
The first-time donor’s super credit was introduced in 2013, to increase the value of the charitable donation tax credit by 25% for eligible first-time donors. Individuals eligible for the super credit can get a one-time 40 percent federal tax credit for monetary donations of $200 or less, and a 54 percent federal tax credit for the portion of donations that are over $200, up to a maximum of $1,000. This is in addition to the provincial credits available.
Minister Findlay also reminded Canadians to donate wisely and research a charity before donating. Only Canadian registered charities and other qualified donees can issue official donation tax receipts. To find out if an organization is registered or to find out more about a registered charity’s operations, taxpayers can go to the Canada Revenue Agency’s (CRA) website and search the Charities Listings at cra.gc.ca/charitylists.
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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