Tag: tax receipt

The Surprising Difference! Tax Receipt vs Donation Amount

Posted by Sandra on in Knowing the Industry
The Surprising Difference Between a Tax Receipt and a Vehicle Donation Amount By Dunia Noseda-Bonokoski What 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" →

How Much is My Car Donation Tax Receipt?

Posted by Sandra on in Blog, Knowing the Industry, Making a Difference

"How much is my tax receipt?" is top of the list for donor queries here. Donate a Car Canada is unique in its process. We work to serve! Donors and their chosen charities are Priority One. We also seek to serve our communities and their business owners. We do this by employing a process that is fair to all.

Continue reading "How Much is My Car Donation Tax Receipt?" →

10 Myths About Tax Credits

Posted by Sandra on in Knowing the Industry

Tax season is soon upon us!

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 tax credits. 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 "10 Myths About Tax Credits" →

Canadian Charities: Something to Think About

Posted by Sandra on in Making a Difference
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" →