TaxTips.ca
Canadian Tax and
Financial Information
Donation Tax Credit Rates 2013

TaxTips.ca does not research or endorse any product   or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Business Directory.    

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Business Directory
Advertise With Us
Contact Us/About Us
Links & Resources


Filing Your Return -> Donations Tax Credit -> Donation Tax Credit Rates  -> 2013 Rates

2013 Donation Tax Credit Rates

Sponsored Advertisement
  First
$200
Amount
over
$200
Tax Credit
for donation
of $1,000
Combined
Fed/Prov
Tax Credit
for donation
of $1,000
Empl income
required to
completely
utilize 
tax credit
Combined
Fed/Prov
Super Credit
for donation
of $1,000
Empl income
required to
completely
utilize 
super credit
Federal 15.00% 29.00% $262.00 n/a   n/a  
Fed-super credit 40.00% 54.00% 512.00 n/a   n/a  
AB (3) 10.00% 21.00% 188.00 $450.00 $20,725 $700.00 $20,725
BC 5.06% 14.70% 127.72 389.72 14,742 639.72 16,531
MB 10.80% 17.40% 160.80 422.80 14,742 672.80 16,531
NB (1) 9.39% 17.95% 161.80 423.80 14,742 673.80 16,531
NL 7.70% 13.30% 121.80 383.80 14,742 633.80 16,531
NS 8.79% 21.00% 185.58 447.58 14,742 697.58 16,531
NT 5.90% 14.05% 124.20 386.20 16,631 636.20 16,631
NU 4.00% 11.50% 100.00 362.00 15,892 612.00 16,531
ON (2) 5.05% 11.16% 99.38 361.38 14,742 611.38 16,531
PE 9.80% 16.70% 153.20 415.20 14,742 665.20 16,531
QC (4) 20.00% 24.00% 232.00 494.00 16,077 744.00 16,312
SK 11.00% 15.00% 142.00 404.00 17,568 654.00 17,568
YT 7.04% 12.76% 116.16 378.16 14,742 628.16 16,531

The rate for the tax credit for the first $200 of donations is the lowest personal tax rate, except for Quebec.  The rate for the tax credit for donations in excess of $200 is the highest personal tax rate, except for Alberta, Ontario and New Brunswick.

The Federal First-Time Donor's Super Credit (FDSC) was introduced in the 2013 Budget, and is only available in certain circumstances.

(1) NB does not use the highest personal tax rate of 14.3% for donations over $200.  The NB Income Tax Act s. 25 was revised to set 17.95% as the rate to be used for donations over $200 for 2009 and later years.
(2) ON does not use the highest personal tax rate of 12.16% for donations over $200.  The Taxation Act, 2007, s. 21 was revised to set 11.16% as the rate to be used for donations over $200.
(3) Alberta has only one tax rate, so sets a rate of 21% for donations over $200.
(4) Quebec does not use the lowest tax rate of 16% for the first $200 of donations, but the middle tax rate of 20%.  Although the highest tax rate is 25.75% starting 2013, the rate for donations in excess remains at 24%, as per the 2013 Budget.

Our table above shows how much employment income is needed in order to fully utilize the regular tax credit or super tax credit for $1,000 of donations.  This is if the taxpayer has only the basic personal amount tax credit, employment amount tax credit, and tax credits for employment insurance premiums and CPP or QPP contributions.  When the taxpayer has other tax credits such as disability tax credit, age amount credit, dividend tax credit, dependent children tax credit, or any other tax credits, a higher level of income will be required to fully utilize the tax credit for $1,000 of donations.  Our Tax Calculators include a calculation for the super tax credit, and indicate if it is not fully utilized.

Note that donations can be carried forward, but not the First-time Donor Super Credit.  The tax credit rate for carried-forward donations when claimed in a subsequent year will be the rates in effect for that year.

Tax Tip:  It is usually best to claim all donations on the tax return of one spouse.  See our Donation Tax Credit article for more information on this.

 

Revised: March 26, 2014

 

Sponsored Advertisement

Copyright © 2002 - 2014 Boat Harbour Investments Ltd. All Rights Reserved  See Reproduction of information from TaxTips.ca

Facebook | Twitter | Google + | Monthly Newsletter Sign-up | What’s New E-mail Notification | RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. See our Business Directory for tax, accounting and finance-related firms in your area.
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.