The Surprising Difference! Tax Receipt vs Donation Amount

The Surprising Difference Between a Tax Receipt and a Vehicle Donation Amount By Dunia Noseda-Bonokoski   Tax TimeWhat if you got a tax receipt for $200.00  from the favorite charity that you donated your vehicle to, only to find out that they didn’t really get $200.00  but only got $40.00 dollars worth of the $200.00.  Wouldn’t that be a bit of a puzzle to figure out? Well it happens a lot and it can be a bit misleading if you don’t know that it is happening. Continue reading "The Surprising Difference! Tax Receipt vs Donation Amount" →

Canada’s Charitable Tax Credits Among Best in the World

 

Tax TimeIt's tax season. Again. Already. Time does not stand still for any of us, does it?!

One of the things many of us don't know but should, is that Canada is one of the best places in the world to donate to charity when it comes to benefiting your tax return. Did you know you can claim up to 75% of your net income as charitable donations (of course with your Official Tax Receipts!), benefiting your tax return? Crazy hey? There aren't a whole lot of us who fit in that category, but the message is clear: Canadians who give reap the rewards! Continue reading "Canada’s Charitable Tax Credits Among Best in the World" →

Canadian Charities: Something to Think About

Have you ever thought about... How much Canadians give annually to charities? In 2010 we donated over $10 billion to various charities across the globe! Where Canada fits on the world scale of how much we donate to charity? Continue reading "Canadian Charities: Something to Think About" →