Tax credits for charitable donations

As a donor, you will receive a tax receipt from United Way for your gift. If you give by payroll deduction through your workplace, your donation receipt will appear on your T4 slip from your employer.

Your donation can then be included on your (or your spouse's) annual tax return, which will reduce the amount of income tax you pay. Donors receive a tax credit of 21.06% (Ontario) on the first $200 of the total amount of donations made that year. The credit on any additional donations is 40.16%.

Samples of minimum tax credits

Quick tax facts

• Donors can receive a tax receipt for a gift-in-kind, which includes any tangible item, shares of publicly traded companies, real estate, life insurance or other capital property
• Different credits are available for non-cash deductions; in some cases, the credit may be higher
• Donations can be claimed for up to five years after the receipt is issued

If you have questions about tax incentives or charitable donations receipt, please contact Suzanne Bembridge at 519-438-1723 ext. 234.

This information is general in nature and does not constitute legal or financial advice. It is not a substitute for professional advice; United Way encourages you to seek professional legal, estate planning and/or financial advice before deciding upon your course of action.