First Time Donor’s Super Credit

This credit is great for first time charity donors! However, this credit also benefits individuals if neither they nor their spouse has claimed the Charitable Donations Tax Credit since 2007. The new first-time donor’s super credit gives you an extra 25% non-refundable federal tax credit when you claim your charitable donation tax credit. This means that you can get a 40% credit for up to $200 in cash donations and a 54% 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. For more info, contact us!