Canada: Tax incentives for charitable gifts | KPMG | GLOBAL
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Canada: Tax incentives for charitable gifts made in 2016

Canada: Tax incentives for charitable gifts

Canada’s tax incentives for charitable donations are designed to make it easier for taxpayers to support their favourite charities. The tax savings, starting in 2016, may be worth more to those taxpayers in the new top tax bracket (with income over $200,000*).


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The after-tax cost for a $1,000 cash donation in 2016 can range from $430 to $523 for taxpayers with income exceeding $200,000, and from $470 to $563 for taxpayer’s with income under $200,000, depending on your province of residence. Charitable gifts need to be made by 31 December 2016 to claim the donation credit on a 2016 tax return.

*$ = Canadian dollar

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