Tax Calculator

How is my tax credit calculated?

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 this amount up to a limit of 75% of your net income. For gifts of certified cultural property or ecologically sensitive land, you may be able to claim up to 100% of your net income.

You may also be eligible for a provincial tax credit. The amount of the provincial tax credit available varies between provinces.

Donations must be made by December 31st to be claimed against your income for the current year. However, you do not have to claim all of the donations you made this year on your current-year return. You can carry forward any donations you do not claim in the current year and claim them on your return for any of the next five years. You can only claim donations once.

You have to claim tax credits for gifts you carried forward from a previous year before you claim tax credits for gifts in the current year. If you are claiming a carry forward, attach a note to your return indicating the year of the return with which you submitted the official donation receipt, the portion of the eligible amount you are claiming this year, and the amount you are carrying forward.