Useful Fundraising Tool: the Donation Credit Calculator

The CRA’s Charities Directorate recently added a new and useful feature to its website. The Donation Credit Calculator allows donors to determine the total amount of tax credits, including federal and provincial, for their charitable gifts.

It is also handy information for fundraisers making a pitch by mail, email or in person.

An example: an Ontario resident who makes a gift of $1,000.00 to a registered Canadian charity during the 2011 taxation year will receive a federal tax credit of $262.00 and an Ontario tax credit of $99.38, for a combined total tax credit of $361.38.

Who wouldn’t give under those appealing circumstances?

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