Charity Giving seriesl

This information helps donors make better decisions about their charitable giving. We'll be looking at how to choose the right charity, understanding administrative and fundraising expenses, how much to give, and more. Every 2 weeks, you'll receive a new set of tips and information to make your giving easier and have more impact.

Understanding Charitable Tax Credits

Not only is giving to charity a great act of generosity and support, it helps Canadians claim a credit on our taxes as well. Many people don't understand exactly what the credit is or how it works for them.

There is both a federal and a provincial charitable tax credit that you can claim. The federal tax credit is the same for all Canadians and breaks down as follows:

The tax credit on your first $200 in donations is 15%
Any amount donated above $200 is eligible for a 29% tax credit
If you made a donation of $500 and wanted to claim the tax credit, you would be able to claim:
15% of the first $200 = $30
29% of the remaining $300 = $87
That represents a $117 savings on your taxes! Of course, the more you give, the more you're able to save. To find out the provincial tax credits you are also eligible to receive on top of the federal amount, visit the Tax Credit Table on the Canada Revenue Agency (CRA) website.

Did You Know?
Donations must be made by December 31st in order to be claimed on that year's taxes.
To claim a donation on your taxes, you must donate to a registered Canadian charity. To make sure your organization is registered, visit the CRA website: www.cra-arc.gc.ca/charities/

You and your spouse (or common law partner) can claim donations made by the other to maximize the tax benefit.
Donating appreciated securities (stocks or mutual funds) is the most tax effective way to give. You pay no capital gains tax and you get the charitable tax credit.
You can claim unused charitable donations on your taxes for up to 5 years. If you've given less than $200 one year, you might want to claim that donation in a year when it will maximize the amount you can claim.
Donate today at www.canadahelps.org!

Knights of Columbus

http://www.canadahelps.org/GivingPages/GivingPage.aspx?gpID=7162

http://www.canadahelps.org/GivingPages/GivingPage.aspx?gpID=7101

volunteerism not elected dictatorship in the south

http://www.economicpolicyjournal.com/2011/11/ron-paul-obama-presidency-on-verge-of.html

--
Hollecrest & Associates Inc  -"Turnaround Consultants"  .

Sunridge Lodge   "Back to Eden"  Quality 24/7 care
261 Oakhill Drive, Brantford  backtoeden.ontario@gmail.com
"Building elder peer communities that are cozy,caring and comfortable" -
 
Brant Positive Action Group  "a positive community affirmative action group"

promoting goodwill and timely cost effective creative solutions to enhance the competitive well being of Brant, Brantford and Six Nations 

* More Deep Thoughts For Those Who Take Life Way Too Seriously*

*Why God Never Received Tenure at Any University*
 1. He had only one major publication.
 2. It was in Hebrew.
 3. It had no references.
 4. It wasn't published in a referredjournal.
 5. Some doubt He wrote it by Himself.
 6. He mayhave created the world, but what has he done since?
 7. Thescientific community can't replicate His results.
 8. He nevergot permission from the ethics board to use human subjects.
 9.When one experiment went awry, He tried to cover it up by drowning
thesubjects.
 10. He rarely came to class and just told students,"Read the Book."
 11. Some say He had His son teach class.
12. He expelled His first two students.
13. His office hours were irregular and sometimes held on a mountain top.
 14. Althoughthere were only 10 requirements, all students failed save His
Son.


* Deep Thoughts For Those Who Take Life Way Too Seriously*

      - Save the whales. Collect the whole set.
- A day without sunshine is like...night.
- On the other hand, you have different fingers
- 42.7 percent of all statistics are made up on the spot.
- 99 percent of lawyers give the rest a bad name.
- Remember, half the people you know are below average.
- He who laughs last thinks slowest.
- Depression is merely anger without enthusiasm.
- The early bird may get the worm, but the second mouse gets thecheese in
the trap.
- Support bacteria. They're the only culture some people have.
- A clear conscience is usually the sign of a bad memory.
- Change is inevitable, except from vending machines.
- If you think nobody cares, try missing a couple of payments.
- How many of you believe in psycho-kinesis? Raise my hand.