eHow launches Android app: Get the best of eHow on the go.

How To

How to Claim Charitable Donations in Canada on Your Taxes

Contributor
By Ryder Von Tripe
eHow Contributing Writer
(0 Ratings)

If you live in Canada and have been making some charitable donations during the tax year, you may be able to claim those charitable donations in Canada on your taxes. If you have made charitable donations to a registered charity in Canada, then you can reduce your tax bill by claiming those charitable donations on your taxes in Canada. The Canada Revenue Agency makes it pretty easy to claim your charitable donations in Canada on your taxes and even allows you to carry over some donations for future tax years.

Difficulty: Moderately Easy
Instructions

Things You'll Need:

  • T1 income tax form
  • Donation receipts
  1. Step 1

    Locate a registered charity. In order to be able to claim charitable contributions on your taxes in Canada, you have to donate to a registered charity. You can find a list of registered charities on the Canada Revenue Agency website (see Resources).

  2. Step 2

    Donate to a registered charity. Once you find a registered charity you will need to donate either cash or gifts. The Canada Revenue Agency defines gifts as goods, securities and land, but does not include services.

  3. Step 3

    Get a donation receipt. You must have a donation receipt in order to claim charitable contributions on your taxes in Canada. The receipt must say at the top "official receipt for income tax purposes." The receipt will also need to list your name and address, the charity's registration number, the amount donated or the value of the item donated, the date of the donation, the name and web address of the Canada Revenue Agency and a unique serial number for the receipt. You can find samples of donation receipts on the Canada Revenue Agency website (see Resources).

  4. Step 4

    Get your T1 return form. You will need to get your T1 income tax return form to file your income taxes in Canada. If you live at the same address as you did last tax year you will get your T1 form by mail. You can also go to the Canada Revenue Agency website (see Resources) and go to "Forms and Publications" and click on "Tax Packages." Once there, select the province that you are in and get your T1 form for download.

  5. Step 5

    Complete schedule 9. For all provinces, schedule 9 is the "Donations and Gifts" part of the T1 income tax return. You will need to complete schedule 9 in order to claim your charitable contributions in Canada. You do not have to claim all of your contributions in 1 tax year. In fact, you have up to 5 years to claim your charitable contributions. Common-law partners and married couples can claim donations on one return to maximize the tax benefit. After the first $200, the tax credit goes from 15.25 percent to 29 percent.

  6. Step 6

    Get your tax return to a Tax Centre. You can deliver or mail your income tax return to the Canada Revenue Agency. The location it goes to depends on your province. There is a complete listing of offices on the Canada Revenue Agency website (see Resources). Remember to include your donation receipts with your T1 income tax return to claim your charitable donations in Canada.

Subscribe

Post a Comment

Post a Comment

Related Ads

  • Have you done this? Click here to let us know.
I Did This
Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance