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.
- An individual qualifies as a first-time donor if neither the individual nor the individual’s spouse or common-law partner has claimed the charitable donation tax credit since 2007.
- The credit will apply only to cash donations made after March 20, 2013 up to a maximum of $1,000 in donations.
- As a temporary credit, you can only claim it once from the 2013 to 2017 taxation years.
- Only donations made to registered charities and qualified donees are eligible. To check if an organization is registered, go to the Canada Revenue Agency Charity Listings: www.cra.gc.ca/charitylists.The Charity Listings also provides information about registered charities’ activities, revenues, and expenditures.
- To find out what your estimated credit will be, use the charitable donation tax credit calculator on the CRA website.
For more information on the first-time donor’s super credit, go to www.cra.gc.ca/fdsc.