Filing Your Return -> Donations Tax Credit -> Donation Tax Credit Rates -> 2012 Rates
2012 Donation Tax Credit Rates
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.
(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%. The $262 federal donation tax credit for Quebec taxpayers is, in effect, reduced by the federal tax abatement of 16.5%. This reduction is shown separately above because it is separate from the tax credit on the tax return.
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: July 20, 2022
Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved. See Reproduction of information from TaxTips.ca