First-Time Donor’s Tax Credit

The new First-Time Donor’s Super Credit is designed to encourage first-time charitable donors through an enhanced tax incentive. The standard 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 credit for the first $200 or less and a 54 per cent credit for amounts between $200 and $1,000. Scroll down see the infographic and learn more about the First-Time Donor’s Super Credit

First-Time Donor’s Super Credit Calculator

This calculator compares the regular tax credit to the First-time Donor’s Super Credit announced in the 2013 Canadian Federal Budget.

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Click here
to open the calculator.

 

First-Time Donor’s Super Credit Infographic
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Category: Calculator Gallery, Tax Calculators