Tax benefits for charitable donations

The first $200 you donate is eligible for a federal tax credit of 15% of the donation amount. After the first $200, the federal tax credit increases to 29% of the amount over $200.

Generally, you can claim all or part of your donations up to a limit of 75% of your net income.  As for gifts of cultural property or of “ecologically sensitive” property, you may be able to claim up to 100% of your net income.  For further information, please visit the Canada Revenue Agency Web site.

In addition, you could be eligible for a provincial tax credit, depending upon the province in which you reside. The provincial tax credit in Quebec is 20% on the first $200 and 24% on amounts beyond this. For further information, please refer to the Revenu Québec Web site. The combined federal and provincial tax credit is 48%.