Accounting, Bookkeeping, Income Tax Preparation, And Consulting Forum

The following is now available on the CRA Web site: News Release Ottawa, Ontario, December 9, 2009… The Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture and Agri-Food), has a message for Canadians who donate to charity: “Be an informed donor.” The Canada Revenue Agency (CRA) is reminding Canadians who plan to give to a registered charity this holiday season to go to http://www.cra.gc.ca/donors or call 1-800-267-2384 for tips on how to be an informed donor. “While the CRA is actively engaged in educating registered charities on their obligations under the Income Tax Act, it is [More]

The following is now available on the CRA Web site: Did you know… That you may be able to reduce your income tax by donating to registered charities? You can verify whether a charity is registered by searching for it in the Canada Revenue Agency (CRA) Charities Listings. In 2007, the federal tax credit for charitable donations is calculated as 15% of the first $200 of donations, plus 29% of the amount donated over $200. You may also be eligible for provincial or territorial tax credits based on the applicable provincial or territorial rates. You can claim donations made this [More]