The Federal Tax Credits Blog » Donation Tax Credits

Tax Credit Charitable Donations

admin — Thu, 24 Sep 2009 17:05:45 +0000

Question: The US has a way of calculating charitable tax donations of used clothing, appliances etc to ie Diabetes assocDo we (Canadians) have something simular? ie if we were to donate children’s toys, clothing there is a preset amount for each item that totals up and you use that dollar amount to submit for income [...]

Tax Credit Charitable Donations is a post from: The Federal Tax Credits Blog

Donation Tax Credit Ontario

admin — Mon, 25 May 2009 12:11:12 +0000

Question: Income tax – donations and gifts?I occasionally send money to my mom who resides outside of Canada. It isn’t much but anything that would add up to my refund is big help now that everything is so unpredictable. My question is: Can I claim the amount that I’ve sent to [...]

Donation Tax Credit Ontario is a post from: The Federal Tax Credits Blog

Tax Credit Clothing Donations

admin — Sun, 28 Sep 2008 18:45:29 +0000

Question: Group Donation and Tax Credit?I help run a mom’s group and we’re going to have an event where we are going to swap clothes and then take the left overs and donate to a women’s shelter. The question has been raised about how the tax receipt is going to work? I have no idea. [...]

Tax Credit Clothing Donations is a post from: The Federal Tax Credits Blog

Donation Tax Credits

admin — Fri, 12 Sep 2008 15:30:27 +0000

Question: Is anyone in favor of what I call “Constructive Capitalism?”?Constructive Capitalism would enable the federal government to treat subsidies (grants and tax credits) as investments, not donations. Why doesn’t the government set up an investment corporation that would make decisions on grants and subsidies and take equity positions when it makes them available [...]

Donation Tax Credits is a post from: The Federal Tax Credits Blog

Donation Tax Credit Alberta

admin — Sat, 16 Aug 2008 06:24:54 +0000

Have a car sitting around doing nothing? Why not turn it into cash and help America’s children at the same time? Every car donation made through the American Relief Foundation and other non-profit charities that offer similar incentive programs are rewarded with a free visa gift card. That car you thought wasn’t worth a thing [...]

Donation Tax Credit Alberta is a post from: The Federal Tax Credits Blog

Donations Tax Credit

admin — Thu, 15 May 2008 09:04:19 +0000

Question: Is giving to a 501(c)3 a tax deduction or tax credit?If you give a donation to a IRS 501(c)3, is it considered a tax deduction or a credit. If it is a deduction is there a ceiling one can give to offset their tax liability? What is the ratio? (For instance, for a $1000 [...]

Donations Tax Credit is a post from: The Federal Tax Credits Blog

Donation Tax Credit Canada

admin — Fri, 04 Apr 2008 18:06:48 +0000

Question: Is it possible to transfer a gift receipt for tax purposes in Canada?Last Christmas I decided that rather than giving my family things they didn’t want or need I would give a donation in their honour to some very worthy charities. However, all the tax receipts were made out in my name because it [...]

Donation Tax Credit Canada is a post from: The Federal Tax Credits Blog