November 3, 2016
I thought with the US election nearing, I would do some investigation about the difference between donating to a Canadian political party versus an American political party. Here is some information I found: Canada’s federal election finance laws put limits on contributions to political parties and candidates. Only individuals — not corporations or trade unions […]
May 11, 2016
On April 26, 2016 I had the privilege of attending a seminar put on by Mike Skrypnek for Operation Eyesight on income tax and estate tax reduction. Mike is an author of three books on business and philanthropy, including his most recent “Big Impact Giving”, and is an expert in guiding families in their personal […]
December 9, 2015
Many people may not be aware, but approximately 75% of donors are individuals – and although big business, foundations and government play a big role in supporting nonprofits, the majority of donors to various causes are individual people like you and me. I was reading an article by Kim Drever, MNP Tax Advisor, from February […]
May 2, 2013
Charitable donation – A corporation may deduct the eligible amount of a gift up to 75% of net income, plus 25% of certain taxable capital gains, and 25% of any capital cost recapture – A charitable tax deduction can be carried forward for a period of five years – Charitable receipt will no longer have […]
April 4, 2013
If any “advantage” was received (compensation or other benefits) in return for the donation (e.g., tickets, meals), the eligible gift for purposes of the donation claim is reduced by the value of the advantage received. The tax credit for the first $200 of donations in Alberta is at the lowest personal tax rate, and the […]