Charitable Donation Limits for Income Tax

Spring 2011 CSANews Issue 78  |  Posted date : May 06, 2011.Back to list

The taxman will only allow you to claim up to 75% of your net income in any one year as a charitable donation, the exception being in the year of death or the year preceding death, when 100% of net income can be claimed. Keep in mind that you don't have to claim your entire donation in a single year; you can carry  your credit forward for up to five years.

Eligible Charities Keep in mind that to receive a tax credit, your donation must be given to an eligible and recognized charity. Canada Revenue Agency keeps a list of eligible charities - use this list to learn more about the charity, or to confirm charitable status before you write your name on the cheque. 

Related links