Take Advantage of the New First-time Donor’s Super Credit

  • FDSC, donation, credit

Did you know?

The new first-time donor’s super credit gives you an extra 25{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} non-refundable federal tax credit when you claim your charitable donation tax credit. This means that you can get a 40{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} credit for up to $ 200 in cash donations and a 54{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} credit for the part of the cash donations that is over $ 200 but not more than $ 1,000. This is in addition to the provincial credit.

Important facts

  • An individual qualifies as a first-time donor if neither the individual nor the individual’s spouse or common-law partner has claimed the charitable donation tax credit since 2007.
  • The credit will apply only to cash donations made after March 20, 2013 up to a maximum of $ 1,000 in donations.
  • As a temporary credit, you can only claim it once from the 2013 to 2017 taxation years.
  • Only donations made to registered charities and qualified donees are eligible. To check if an organization is registered, go to the Canada Revenue Agency Charity Listings: www.cra.gc.ca/charitylists.The Charity Listings also provides information about registered charities’ activities, revenues, and expenditures.
  • To find out what your estimated credit will be, use the charitable donation tax credit calculator on the CRA website.

For more information on the first-time donor’s super credit, go to www.cra.gc.ca/fdsc.