The Canada Revenue Agency (CRA) has specific criteria for what qualifies as a charitable donation and not all good acts qualify for a tax benefit. Growing a moustache (although not without its costs) or supporting your charity case brother-in-law, are generally not considered to be a charitable donations according to the tax code. Luckily there are a multitude of charitable organizations that do qualify the donors to receive a tax credit for their donations. Some details about the tax credit are discussed
9 Tax Facts about Charitable Donations for Individuals and Small Business Owners
Posted by ronika under TaxesFrom http://www.montrealfinancial.ca 4546 days ago
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