Types of Charitable Gifts During your Lifetime

1 March 2009
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Canadian Moneysaver, Evgeniya Samartseva

Cash gifts

Cash gifts are the most common way to donate to charity. The donor receives a tax credit, rather than a tax deduction on the donated amount. The tax credit on the first $200 donated is calculated using the lowest federal marginal tax rate (15%). The tax credit on donations in excess of $200 is calculated using the highest federal marginal tax rate (29%). Provincial tax credits vary between provinces and territories.

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About Stewart & Kett


Stewart & Kett Financial Advisors Inc.
911- 123 Front Street West,
Toronto, Ontario,
M5J 2M2, Canada
(Adjacent to Union Station)
Phone: (416) 362-6322
Fax: (416) 362-6302