Browsing Tag

charitable donation

Gifts

Tips For Making Donations

We all want to help those in need.   With the tragic news of the massive flooding in Pakistan, it is only natural for people to want to pitch in and help out.  Just make sure to follow these basic tips before making a donation.

Make sure that the organization you donate to is a legitimate one.  It is safer to select an organization that you have heard of and you know is reputable such as the United Way, UNICEF, World Vision, etc.  These established organizations have the experience in providing cost effective aid.  As well, you will feel safe in knowing that their websites are secure should you choose to donate online.

Avoid donating to smaller organizations, especially if you have never heard of them. Unfortunately there have been cases of criminals pretending to be collecting money to provide aid and it turns out they are only concerned with lining their own pockets.

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Taxes

Donate And Get An Income Tax Credit

You can decrease the amount of income tax you pay by donating money to registered charities. When you file your taxes, be sure to include all your official donation receipts received from the organizations in order to take advantage of the tax credit.  Donating to charities is a meaningful way to decrease your taxes and to support a cause you are passionate about.

How do I know if a charity is registered?

If you are unsure if a specific charity is registered, you can search the listings on the Canada Revenue Agency (CRA) website.

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