There are three types of designations registered charities may hold:1. Charitable Organization2. Private Foundation3. Public FoundationCharitable OrganizationsA charitable …
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Receiving an "Advantage" Reduces Your Eligible Charitable Contribution
When you make a donation to certain charitable organizations, it is possible that your entire contribution will not be eligible for the Charitable Donation Tax Credit. This is …
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Corporations Get a Deduction for Charitable Donations, Not a Credit
Some of the biggest sources of charitable donations come from corporations. While a donation made by an individual receives a tax credit, a donation made by a corporation receives …
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Breaking News: RESP Contributions To Become Tax Deductible?
Thanks to reader Nicolas for providing a gentle nudge to write a post on a private members' bill that was passed last night that would allow Canadians to deduct contributions to …
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