First-Time Donor’s Super-Credit

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Did you donate to a charity for the 1st time in 2014? If you did, the First-Time Donor’s Super Credit can give you an extra non-refundable federal tax credit of 25% of the total donations of money up to $1,000 when you claim your charitable donation tax credit. You qualify as a first-time donor if neither you nor your spouse or common-law partner has claimed the charitable donation tax credit since 2007. The tax credit applies to gifts of money made after March 20, 2013, totalling up to a maximum of $1,000, claimed in respect of only one taxation year from 2013 to 2017. If you have a spouse or common-law partner, you can share the FDSC, but the total combined donations claimed cannot exceed $1,000. Click here for more information on eligibility.

Want to learn more about charitable tax credits and calculate your savings? Visit our tax time webpage!


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