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First-Time Donor’s Super Credit

September 27, 2013

First-Time Donor’s Super Credit
To encourage Canadians who have never given to charity, the Government of Canada has introduced a temporary First-Time Donor’s Super Credit for up to $1,000 of monetary donations in the 2013 federal budget. The new credit effectively adds 25% to the rates used in the calculation of non-refundable charitable donations tax credit (CDTC). As a result, first time donors in Alberta will receive $100 on the first $200 of charitable contributions (15% existing federal + 25% First-Time Donor’s Super Credit + 10% existing Alberta = 50% x $200) and $600 on the next $800 in contributions (29%  existing federal  + 25% First-Time Donor’s Super Credit + 21% existing Alberta = 75% x $800). If a first-time donor donates $1,000 they will receive a $700 refund/tax savings or in other words a $1,000 donation only ‘costs’ $300 provided the donor’s taxable income is over approximately $18,000.

An individual is considered a first-time donor if neither the individual nor the individual’s spouse has claimed the CDTC in any of the five preceding years. Taxpayers can only claim the First-Time Donor’s Super Credit once from the 2013 to 2017 taxation years.


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