By February 10, 2014 Read More →

First Time Donor’s Super Credit Infographic

The new First-Time Donor’s Super Credit announced in the 2013 Canadian Federal Budget is designed to encourage first-time charitable donors through an enhanced tax incentive.  The increased tax credit will add 25% to the current credit of 15% on the first $200 in donations and 29% for amounts above that. Consequently, for donations of up to $200, there will be a credit of 40%, as opposed to the current 15%, and for donations in excess of $200, there will be a credit of 54%, as opposed to the current 29%.

Check out the infographic below for more details on the new credit.

See Also: First Time Donor’ Super Credit Calculator



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