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First |
Amount |
Tax Credit |
Combined |
Empl income |
Combined |
Empl income |
|
|
Federal |
15.00% |
29.00% |
$262.00 |
n/a |
n/a |
||
|
Fed-super credit |
40.00% |
54.00% |
512.00 |
n/a |
n/a |
||
|
AB (3) |
10.00% |
21.00% |
188.00 |
$450.00 |
$20,725 |
$700.00 |
$20,725 |
|
BC |
5.06% |
14.70% |
127.72 |
389.72 |
14,742 |
639.72 |
16,531 |
|
MB |
10.80% |
17.40% |
160.80 |
422.80 |
14,742 |
672.80 |
16,531 |
|
NB (1) |
9.10% |
17.95% |
161.80 |
423.80 |
14,742 |
673.80 |
16,531 |
|
NL |
7.70% |
13.30% |
121.80 |
383.80 |
14,742 |
633.80 |
16,531 |
|
NS |
8.79% |
21.00% |
185.58 |
447.58 |
14,742 |
697.58 |
16,531 |
|
NT |
5.90% |
14.05% |
124.20 |
386.20 |
16,631 |
636.20 |
16,631 |
|
NU |
4.00% |
11.50% |
100.00 |
362.00 |
15,892 |
612.00 |
16,531 |
|
ON (2) |
5.05% |
11.16% |
99.38 |
361.38 |
14,742 |
611.38 |
16,531 |
|
PE |
9.80% |
16.70% |
153.20 |
415.20 |
14,742 |
665.20 |
16,531 |
|
QC |
20.00% |
24.00% |
232.00 |
494.00 |
16,077 |
744.00 |
16,312 |
|
SK |
11.00% |
15.00% |
142.00 |
404.00 |
17,568 |
654.00 |
17,568 |
|
YT |
7.04% |
12.76% |
116.16 |
378.16 |
14,742 |
628.16 |
16,531 |
The rate for the tax credit for the first $200 of donations is the lowest personal tax rate, except for Québec. The rate for the tax credit for donations in excess of $200 is the highest personal tax rate, except for Alberta, Ontario and New Brunswick.
The Federal First-Time Donor’s Super Credit (FDSC) is proposed by the 2013 Budget, and is only available in certain circumstances.
The table above shows how much employment income is needed in order to fully utilize the regular tax credit or super tax credit for $1,000 of donations. This is if the taxpayer has only the basic personal amount tax credit, employment amount tax credit, and tax credits for employment insurance premiums and CPP or QPP contributions. When the taxpayer has other tax credits such as disability tax credit, age amount credit, dividend tax credit, dependent children tax credit, or any other tax credits, a higher level of income will be required to fully utilize the tax credit for $1,000 of donations.
Note that donations can be carried forward, but not the First-time Donor Super Credit. The tax credit rate for carried-forward donations when claimed in a subsequent year will be the rates in effect for that year.
(1) NB does not use the highest personal tax rate of 14.3% for donations over $200. The NB Income Tax Act s. 25 was revised to set 17.95% as the rate to be used for donations over $200 for 2009 and later years.
(2) ON does not use the highest personal tax rate of 12.16% for donations over $200. The Taxation Act, 2007, s. 21 was revised to set 11.16% as the rate to be used for donations over $200.
(3) Alberta has only one tax rate, so sets a rate of 21% for donations over $200.
(4) Québec does not use the lowest tax rate of 16% for the first $200 of donations, but the middle tax rate of 20%.