Charitable Giving Tax Credit Calculator
Discover the impact a charitable donation can have on your taxes. This calculator determines how much you could save based on your donation and place of residence.
Results do not include the 33% federal tax credit that is available to those with income over $200,000. Information on this can be found on the CRA website.
The information contained herein is based on current marginal tax rates and is intended for illustration purposes only. While care is taken in the preparation of this document, no warranty is made as to the accuracy or applicability in any particular case. Furthermore, this calculator may not capture all tax benefits available in provinces that have a surtax.
The information provided is general in nature and is intended to highlight various tax planning issues. This information should not be relied upon or construed as legal or tax advice. Readers should consult with their advisors, lawyer and tax professionals for advice before employing any of these strategies.