Take advantage of the First-time Donor’s Super Credit.
In 2013, the federal government introduced the First-time Donor’s Super Credit (FDSC), a new tax credit that supplements and increases the Charitable Donation Tax Credit (CDTC). It’s a great opportunity for anyone making their first charitable gift, and donor couples may also share the credit. You can claim the FDSC only once between the tax years 2013-2017. All donations of up to $1000 made after March 20, 2013 are eligible.
How do I know if I qualify?
You are considered a first-time donor if you, your spouse or common-law partner has not claimed the CDTC since 2007.
How does it work?
The FDSC adds 25% to the federal rates used to calculate the CDTC (provincial rates remain unaffected). You will now receive a 40% federal credit on donations up to $200, and a 54% federal credit for the portion of donations from $200-$1000. More detailed information is available from the Canada Revenue Agency.
Your donation benefits you and the Canadian Diabetes Association.