When you choose to give, you may not realize that donating to charity will do more than just help your favourite cause, giving can also provide you with many personal benefits. Whether you choose to donate to charities supporting people living in poverty, advocating to protect the environment, helping animals in need, or addressing other global or local problems, charities need your help to continue their selfless initiatives, but giving can feel just as good as receiving!
Why do people donate to charity? Check out our list of reasons below:
- There are financial benefits when you donate to charity.
Did you know that donating to charity can save you money come tax time? When you make a donation to a registered charity in Canada, you will receive a tax receipt for your donation. Your receipt can then be submitted with your annual tax return to receive a tax credit of up to 53 percent of your donation! Plus, you also save on capital gains tax when you donate securities directly. This ensures more dollars are going to helping others because you will be able to give more to your favourite charity. A big contribution could mean big savings on your taxes, and we think that’s a pretty big reason why you should donate to charity!Interested in learning how much giving could save you? Use our tax calculator to see how much you can save when you give.
- Teach kids the importance of giving.
Teaching children to care about others is an important life lesson. When children watch you give, they will grow up knowing that giving back is the right thing to do and follow in your footsteps. So, donating to charity also helps you be a good role model for your kids.Looking for ways to get kids involved in giving? Read our 20 ideas to get kids fundraising at home, school, and in your community.
- Giving promotes feelings of happiness.
Helping others feels good. When you donate to a charity that is important to you, you not only help them continue their vital work, you’re also improving your emotional wellbeing, a win-win situation!
- Experience lifelong benefits when you donate your time.
If you are not in a position to contribute financially to charity, but are looking for other ways to give back, considering volunteering your time instead. You will meet new, like-minded people, learn new skills to add to your resume, or complete necessary community hours for school programs.You can also get involved in the community that supports your favourite cause. For example, if you attend a fundraising event for your favourite charity, you’ll meet new, like minded people who care about the same cause.
- Donating gives you the opportunity to show gratitude.
Life is busy, and it can sometimes be easy to forget to show your gratitude for all that you’ve been given. There are thousands of Canadian charities and causes doing vital work across the country and around the world. When you are ready to give and are researching a charity to support, this can remind us of all that we have, and the act of donating to charity is a way to express our feelings gratitude. Inspire others to give by posting your kind action on social media to inspire others to give generously.
Ready to get giving? Search over 86,000 registered Canadian charities on CanadaHelps.org to find a cause that matters to you and give today. Or, browse these resources to learn about different ways you can give: