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tax breaks

Taxes

Giving To Charity? Take Advantage Of The Tax Breaks

Generosity Pays Off

Your first $200 of donations made to a registered charity results in a 15 per cent federal tax savings. For every dollar over $200, you receive a 29 per cent tax credit.

Donation Limits

Your donations cannot exceed 75% of your net income. The only exception is in the year of death or the immediate preceding year and then donations can be 100% of net income.

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