With the New Year comes a new tax year – did you max out your charitable giving credits?
Have you made enough donations to qualify for a tax credit this year?
Are you a first-time donor? You could be eligible for a super credit.
Did you know $200 is the threshold for the taxable rate of your charitable gifts this calendar year?
If you are a first time donor you will qualify for an additional credit of 25% of the first $1000 of monetary donations. It’s called the “First time donor super-credit.”
Charitable rates for tax credits vary by province, you can claim eligible amounts up to 75% of your net income. Want to see what your rates are by province? Click here!
Charitable gifts are often referred to as tax deductible, when they are actually tax credits on amounts owed. Would you like to see what credit you will be eligible for this year? Click here!
Action Canada for Sexual Health and Rights is a registered charity working to advance sexual health and rights in Canada and around the world. Our registered charitable number is 107848319.