OTTAWA – Minister of National Revenue, Keith Ashfield thanks the millions of Canadians who made donations to registered charities this year. “On behalf of our government I would like to thank the millions of Canadians who donated to registered charities this year” said Minister Ashfield. “Their contributions support organizations that do important work for the sick, the needy, and the underprivileged in communities across Canada”.
Thanks to special tax measures designed to benefit charities and people who donate to them, donations made to registered charities provide Canadians a valuable tax credit to help reduce their tax burden and an incentive to support the important work being done in their communities.
For example, donating $200 to charity provides a tax credit of 15% of the total and for donations over $200 the tax credit goes up to 29%.
The Minister also reminded Canadians that there are only a few days left to donate to registered charities this year and receive the full tax benefit for 2010.
“Donating to registered charities is truly a win-win situation. Donors receive tax relief and charities continue to carry out work in the community,” continued Minister Ashfield, “Our government encourages individuals to support the important work registered charities do each year”.
In order for Canadians to receive the full tax credit for their charitable donations they must make them before the end of 2010 and they must also be sure to get a receipt from the registered charity.
For more information on donating to charities and receiving your tax credit, please visit http://www.cra-arc.gc.ca.