Did you donate to a charity? You may be able to claim a charitable donation tax credit

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 02/28/17 -- If you donated to a registered Canadian charity or other that provides official donation receipts, you may qualify for a charitable donation tax credit when you file your income tax and benefit return.
Where do you get an official donation receipt?
To claim a charitable donation tax credit, you must get an official donation receipt from a or .
Some examples of other qualified donees are:
To see whether a charity is registered and is able to give official donation receipts, use the or go to .
How long should you keep a charitable donation receipt?
You should keep your official donation receipts for six years after the end of the tax year for which you made a claim, in case the Canada Revenue Agency asks to see them.
What donations qualify for a charitable donation tax credit?
Donations of cash, goods, land, and listed securities to a registered charity or other qualified donee may be eligible for a charitable donation tax credit.
How do you calculate your charitable donation tax credit?
To calculate your charitable donation tax credit, you first need to figure out the of your charitable donations. Once you know that amount, you need to decide how much you want to claim. In any one tax year, you can claim:
You can claim eligible donations of up to 75% of your net income. Gifts of certified cultural property or ecologically sensitive land are not limited to a percentage of your net income.
For a quick estimate of your charitable donation tax credit for the current tax year, use to access the .
Are you a first-time donor?
You are considered a first-time donor if you or your spouse or common-law partner have not claimed and been allowed a charitable donation tax credit after 2007. If you qualify, you may be able to claim the first-time donor's super credit. However, only gifts of money are eligible. For donations made after March 20, 2013, qualifying first-time donors may receive an additional federal tax credit of 25% on the first $1,000 of monetary donations.
For more information on charities, donations, and charitable donation tax credits, go to .
Stay connected
To get updates when new information is added to the CRA website, you can:
Contacts:
Canada Revenue Agency
Media Relations
613-952-9184
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Bereitgestellt von Benutzer: Marketwired
Datum: 28.02.2017 - 19:22 Uhr
Sprache: Deutsch
News-ID 527190
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