2011 Donation Tax Credits
The Government of Canada encourages Canadians to donate to registered charities by offering non-refundable tax credits. When you donate cash or other investments, you become eligible for a tax credit of 15.00% for the first $200.00 you give and 29.00% for any amount over $200.00. In addition to this credit, you will also receive a provincial or Territorial tax credit ranging from 4% - 24% depending on your location of residence.Donations must be made by December 31 to be claimed against your income for the current year. However, you do not have to claim all of the donations you made this year on your current-year tax return. You can carry forward any donations you do not claim in the current year and claim them on your tax return for any of the next five years. However, you can only claim each donation once. Check with your tax professional for more information.
| |
First $200 |
Amount over $200 |
Tax Credit for donation of $1,000 |
Combined Fed/Prov Tax Credit for donation of 1,000 |
| Federal |
15.00% | 29.00% | $262.00 | |
| AB | 10.00% | 21.00% | 188.00 | $450.00 |
| BC | 5.06% | 14.70% | 127.72 | 389.72 |
| MB | 10.80% | 17.40% | 160.80 | 422.80 |
| NB1 | 9.10% | 14.30% | 132.60 | 394.60 |
| NL2 | 7.70% | 13.30% | 121.80 | 383.80 |
| NS | 8.79% | 21.00% | 185.58 | 447.58 |
| NT | 5.90% | 14.05% | 124.20 | 386.20 |
| NU | 4.00% | 11.50% | 100.00 | 362.00 |
| ON | 5.05% | 11.16% | 99.38 | 361.38 |
| PE | 9.80% | 16.70% | 153.20 | 415.20 |
| QC | 20.00% | 24.00% | 232.00 | 494.00 |
| SK | 11.00% | 15.00% | 142.00 | 404.00 |
| YT | 7.04% | 12.76% | 116.16 | 378.16 |
1 NB rate for first $200 reduced from 9.3% in 2010 to 9.10% for 2011
2 NL rate for amount over $200 reduced from 14.4% for 2010 to 13.3% for 2011
