Tax Calculator
Use this form to calculate the real dollar cost of a charitable donation. Simply type in the amount and the form will automatically calculate the numbers.
Canada Revenue Agency provides tax credits for gifts to eligible charitable organizations. You can claim up to 75 per cent of your net income in charitable donations each year, and carry forward any unused tax credit for up to five years. Use the tax credit calculator to estimate your tax credit for a gift of cash.
The tax credit calculator for individuals on this site assumes that the donor is resident in Ontario and uses this province's tax credit rates.
PLEASE NOTE: The figures used in this calculator may not be accurate. We encourage you to consult with a qualified financial advisor for the most accurate information with respect to your particular taxation situation.
*Formula used:
Federal Tax Credit: 16 per cent on donation amount up to $200 then 29 per cent on remainder Provincial Tax Credit: 6.05 per cent on donation amount up to $200 then 11.16 per cent on remainder.
