Tax Credits
Ontario Residents
40.16 – 46.4%
Estimated tax savings* on your valued Capital Campaign donation of:
| |
$1,000 |
$5,000 |
$10,000 |
$25,000 |
$50,000 |
| Tax Credit |
$433 |
$2,164 |
$4,328 |
$10,820 |
$21,640 |
| Net Cost |
$567 |
$2,836 |
$5,672 |
$14,180 |
$28,360 |
* based on personal tax credit of 43.28%
Quebec Residents
53%
Estimated tax savings on your valued Capital Campaign donation of:
| |
$1,000 |
$5,000 |
$10,000 |
$25,000 |
$50,000 |
| Tax Credit |
$530 |
$2,650 |
$5,300 |
$13,250 |
$26,500 |
| Net Cost |
$470 |
$2,350 |
$4,700 |
$11,750 |
$23,500 |
You may wish to discuss tax credits and other tax planning concepts related to charitable giving with a professional advisor in order to maximize the tax benefit and ensure your gift is appropriate for your personal circumstances.
For more information visit the Canada Revenue Agency.