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Many Canadians may not know that in 2013 the Canada Revenue Agency (CRA) had included a special tax credit called the First-Time Donor’s Super Credit in the budget. In recent reports, the CRA has stated that the take-rate of the credit has been lower than expected, so we are hoping to encourage Canadians to donate by explaining the benefits.

Here are the basics…

FDSC Super Credit | Robey CPA Chartered Accountants


Some additional points to note:

  • For the purposes of the FDSC, you will be considered a “first-time donor” if neither you nor your spouse or common-law partner (if you have one) has claimed and been allowed a charitable donations tax credit for any year after 2007.
  • Only donations of money (not stocks, or other donations) that are made after March 20, 2013 will qualify for the FDSC.
  • The FDSC is a temporary tax credit only available for taxation years from 2013 to 2017.
  • The FSDC, and all charitable donation credits are non-refundable; meaning that you only benefit from the credit if you have tax owing for the year.

Want to know more? Watch this video for more details:

If you have any questions about the First-Time Donor’s Super Credit or any other tax credits, please feel free to contact us.

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