Archive for the Category Philanthropy

 
 

Direct Government Dollars to your Favourite Charity or Cause

How can you get the government to give more money to your favorite charity or cause?

One way may be to lobby your MP or MLA. The prospect of a positive response would be less than certain, and the effort might not be the best use of your time.

A certain way to get the federal and provincial governments to support your charity is through their support of your contribution.

How does that work?

When you make a contribution that qualifies for a tax receipt, you get a credit against your income tax liability.

For the first $250 of receiptable donations, the tax credit is based on the lowest rate of tax.  However, if your donations total over $250 during the year, the tax credit is then based on the highest tax rate, currently 43.7%.
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