First-Time Donor’s Tax Credit

For our Canadian friends, a new First-Time Donor’s Super Credit was announced in the March 21, 2013 federal budget and is designed to encourage first-time charitable donors through an enhanced tax incentive. The standard federal tax credit for a donation is 15 per cent of the first $200 and 29 per cent for amounts beyond that level.

The super credit, which is available until 2017, would add an extra 25-per-cent tax credit for cash donations up to a maximum of $1,000.

The new credit would give first-time charitable donors a 40-per-cent federal credit for the first $200 or less and a 54 per cent credit for amounts between $200 and $1,000. To help Canadians understand better, Ativa Interactive has developed a new infographic illustrating the First-Time Donor’s Super Credit and some trends in Canadian charitable giving.

See Also: First-Time Donor’s Super Credit Calculator

First-Time Donor’s Super Credit Infographic

First-Time Donor's SuperCredit


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