Canadian Charity Tax Break Expires

by Mike Godfrey, Tax-News.com, Washington

31 December 2010

At the time of writing, Canadian taxpayers had just a few hours to claim a tax credit for charitable donations.

The tax break enables the donor to receive a tax credit of 15% of the total donation for gifts up to CAD200. The tax credit rises to 29% for donations of more than CAD200. However, in order for Canadians to receive the full tax credit for their charitable donations they must make them before the end of 2010 and they must also be sure to get a receipt from the registered charity.

"On behalf of our government I would like to thank the millions of Canadians who donated to registered charities this year" Ashfield. "Their contributions support organizations that do important work for the sick, the needy, and the underprivileged in communities across Canada".

"Donating to registered charities is truly a win-win situation. Donors receive tax relief and charities continue to carry out work in the community," continued Minister Ashfield. "Our government encourages individuals to support the important work registered charities do each year".

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