Charitable donation vs. Political contribution

When you donate $100, you don’t always have to donate $100. You can get back a portion of your donation by paying less tax. In order to encourage you to give money to a political party, our leaders will entice you with an even more generous tax cut. Forget the Red Cross and the fight to cure cancer, the fat cats want to keep their seat in the next election, and they get to vote on the tax rules.

My Donation: $
I’m a first time donor (well, I didn’t get a charitable donations tax credit for any year after 2007)
Province:
Year:

Charity Federal party Provincial party
Federal non-refundable tax credits 0
Provincial non-refundable tax credits 0
Total

If your taxable income in 2016 exceeds $200,000, use the CRA calculator.

Further reading:
Donations Tax Credit on TaxTips.ca
Political Contribution Tax Credits on TaxTips.ca

The Canadian Election Expenses Act that subsidizes individaul political donations originated in 1974. It’s purpose was to reduce dependancy on large donors, and encourage small donations by a wider range of private citizens.
State subsidies and political parties by Harold J. Jansen and Lisa Young.

One Response to “Charitable donation vs. Political contribution”

  1. Sigal says:

    I’m not 100% sure about the 2016 rates for provincial tax credits on political contribution.

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