The tax benefits of making a donation
Giving is beneficial for you too
By making a donation, you're doing good for yourself while helping others. You also benefit from tax advantages. Once combined, federal and provincial taxes can represent a credit of 48%! Convinced?
Make a donation today. Thank you!
Make a donation today. Thank you!
Federal tax credit
- The firs $200 entitles you to a federal tax credit of 12.5% (federal credit, after a tax deduction of 16.5% for Quebec residents).
- For any amount exceeding $200, this credit can reach up to 27.5 % of the donation amount.
- You can combine your donations with those of your partner that haven't been claimed in the past five years.
- Generally, it's possible to claim a full or partial refund of the amount, up to 75% of your net income.
- Regarding donations of certified cultural property or those considered "ecologically sensitive," it's possible to claim up to 100% of your net income.
Provincial tax credit
- The credit is equivalent to 20% of the first $200, then increases to 25.75% for the remaining.
- Unused donations can be carried forward to the next five years of your tax filing.
Ready to make a donation?
Are these tax benefits convincing you? Take action and allow the HMR Foundation to build healthy communities and contribute to transforming the future of healthcare. Thank you for giving!