As 2016 comes to a close and holiday shopping is in full swing, another important deadline looms: making your charitable donations. If you give to a charitable cause by December 31, you could get almost half your donation back at tax time.
The Canada Revenue Agency provides financial incentives to encourage Canadians to donate to charity. Donations up to $200 are eligible for a 15 per cent tax credit and donations over $200 receive 29 per cent back. Better yet, if it’s your first time donating to charity you will get an additional 25 per cent off of your donation amount—combined with the other credit that’s almost half your gift back in your pocket.
It’s not too late to make a difference in the lives of Ottawa’s most vulnerable this holiday season. Please give generously, and donate at unitedwayottawa.ca. You will receive an automatic tax receipt.