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Canadians have many reasons to make a charitable donation: compassion for those is need, belief in a cause, caring about members of the community. Along with a strong sense of knowing you’ve made a difference, your donation can also yield a tax break. Canada has a generous tax credit system for anyone who donates to a qualifying donee such as a registered charity or organization which can issue official donation receipts. At the federal level your non-refundable tax credit will be 15 per cent of the first $200 of donations and 29 per cent of your additional donations. All provinces have similar credits, ranging from four per cent to 20 per cent. The maximum donation credit you can claim is 75 per cent of your net income for the year.

Use the Charitable Donation Calculator to estimate the combined federal and provincial after-tax cost of your charitable donation.

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