How much would you have to donate in order to eliminate your capital gains tax? Use our Tax Savings Calculator to find out.
How much would I have to donate in order to eliminate my Capital Gains Tax?
Step 1. Enter the investment information in the boxes below and press the Calculate button to determine your Capital Gain and Income Tax Payable.
* Tax credit calculated at 45% of the Value of Donation. Actual tax credit will vary by province (See Charitable Giving Tax Credit Calculator for details).
Note: The annual limit for claims in respect of charitable donations is generally 75% of net income for the year. This limit is increased to 100% in the year of death or the year prior.