I attended a function deemed as a fundraiser for a “recognized” Canadian charity. Can I claim the tickets I purchased as a charitable donation?
You will probably not be able to claim the tickets because the cost to attend the function can only be claimed if the charitable organization separated the admission cost portion from the donation portion and issued a receipt for the amount qualifying as a donation. Q: I have charitable donation receipts of approximately $175 this year. I plan to donate the same amount next year. Is it better to claim this years donations on this year’s tax return or wait until next year to claim them? A: For donations under $200, you might be better off to carry-forward the donations for several years and combine them as there is a higher credit for donations over $200. The federal non-refundable credit for donations up to and including $200 is 15%, and on the balance, 29%. You will also be entitled to a provincial credit equal to the lowest provincial tax rate on the first $200 and highest provincial tax rate on the balance. For Quebec residents, the rate of the provincial tax credit for the first $2
Related Questions
- I attended a social that was intended to raise funds for a "recognized" Canadian charity. Can I claim the cost of the tickets as a charitable donation?
- I attended a social that was intended to raise funds for a "recognised" Canadian charity. Can I claim the cost of the tickets as a charitable donation?
- I attended a function deemed as a fundraiser for a "recognized" Canadian charity. Can I claim the tickets I purchased as a charitable donation?
