Fewer Canadian Taxpayers Claiming Charitable Donations
by Mike Godfrey, Tax-news.com, Washington
16 December 2016
The percentage of Canadians claiming charitable donations on their taxes is at its lowest in a decade, according to a new study by the Fraser Institute.
The think tank's "Generosity in Canada and the United States: The 2016 Generosity Index" measured donations to registered charities claimed on personal income tax returns. It ranked Canada's 10 provinces and three territories, the 50 US states and Washington, DC.
The study found that in 2014 (the last year of available data), 21.3 percent of Canadian tax filers claimed charitable donations. In 2004, this figure was 25.1 percent. By comparison, 24.5 percent of American tax filers claimed charitable donations in 2004.
The Fraser Institute added that the size of Canadians' charitable donations in 2014 – 0.56 percent of their income – was also at a 10-year low. A peak of 0.78 percent was seen in 2006. Americans gave 1.42 percent of their income to charity in 2014.
Canada offers a First-Time Donor's Super Credit and a general non-refundable charitable donation tax credit.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »