Are you interested in an upcoming election?
Remember: you can get tax credits for making donations to your preferred party and candidate. These credits include:
75% of your first $300, 50% of anything between $401 and $750, and 33.33% of the amount between $751 and $1,275.
So, if you donate the full $1275, you’ll receive a tax credit of $650.
Note: As of January 1st, 2017, this tip no longer applies to corporations. Corporations do however have up to 20 years to claim all unused contributions
Have questions? Give us a call at 905-571-2665.