What impact does a charitable receipt for my donation to the Charter Challenge have on the ‘true cost’ of my donation?

A:

When you file your receipt with your income taxes at the end of the calendar year, you reduce the amount of taxes you owe to the provincial and federal governments. This amount varies depending on the value of the credit in the province or territory you file taxes in. A greater tax credit applies to amounts donated in excess of $200.

The chart below provides an overview of credit and after-tax costs for a $500 donation in various provinces. To enter a donation of a particular amount, consider using the Red Cross tax credit calculator.  

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This project is a collaboration between Springtide and Fair Voting BC.

WHERE WE'RE AT:

Step 1 - Raise Money

Step 2 - Prepare Initial Filing

Step 3 - Initial Filing

Step 4 - Wait for first hearing

Step 5 - First hearing

Step 6 - Prepare for first appeal

Step 7 - First appeal

Step 8 - Prepare for Final Appeal

Step 9 - Final Appeal to Supreme Court

Step 10 - Await Supreme Court Decision