Tag: tax season

Tax Time: Your Donation Tax Receipt

Posted by Sandra on in Knowing the Industry

Donation

Tax season is a busy time for Donate a Car Canada donors, charities, and supporting agents! If you are missing the tax receipt related to your 2014 (or earlier) vehicle donation through our program, connect with us via our toll free number, 1.877.250.4904, and we will reach out to your charity to have the receipt re-issued right away! Revenue Canada's website can help with many of the questions and concerns you have when filing your return this year. There you will find tips, guides, and cautions that will help with filing in your particular circumstances. Continue reading "Tax Time: Your 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" →