February 9, 2005
CRA Tax Tip: Charitable Donations
The Canada Revenue Agency issued a new Tax Tip on its web site today reminding Canadians about the tax credit benefits of making charitable donations.
"You get a 16% federal tax credit on the first $200 of charitable donations, and you get a 29% federal credit for donations of more than $200 (provincial and territorial rates vary)."
For more information see:
http://www.cra-arc.gc.ca/newsroom/taxtips/2005/0208help-e.html
Posted by Taxes.ca Editorial Team [permalink]
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