New Tax Credit for First-time Donors

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The federal government has just introduced a new temporary “super credit” for first-time donors (FDSC) or those who haven’t made a donation since 2007. 

The new tax credit provides an increased incentive for new donors on donations up to $1,000 as follows:

    Tax credit of 40% for donations up to $200.
    Tax credit of 54% on portion of donations over $200 but not exceeding $1,000.

An individual will be considered a first-time donor if neither the individual nor the individual’s spouse or common-law partner has claimed the non-refundable charitable donation tax credit in any taxation year after 2007.

First-time donor couples may share the FDSC in a taxation year. The total amount cannot exceed the amount that would be allowed if only one were to claim the FDSC.

The FDSC may only be claimed once in the 2013 – 2017 taxation years, and only donations of money that are made after March 20, 2013 qualify for the FDSC.

More detailed information about the new First-time Donor’s Super Credit is available from Canada Revenue Agency.