Tax Benefits

Tax benefits are given in the form of tax credits by the Canadian government as a way to encourage giving.

At the federal level, tax credits for charitable contributions are:

– 15% for gifts of $200 or less
– 29% for the portion of a gift exceeding $200

For Quebec residents, because of the impact of the tax abatement, these credits become:
– 12,525% for gifts of $200 or less
– 24,26% for the portion of a gift exceeding $200

At the provincial level, tax credits for charitable contributions are:

– 20% for gifts of $200 or less
– 24% for the portion of a gift exceeding $200

The maximum amount admissible for tax credits is 75% of the giver’s net income for the year the gift is made in. Any gift over the 75% maximum can be carried forward and claimed over the next five years.