Sentences with phrase «charitable donation nets»
Under current laws, a million dollar charitable donation nets the donor just $ 22,000 in tax credits.
http://news.wbfo.org/ Not exact matches
Cast a wide net: The tax credit should encourage charitable scholarship donations from corporations and individuals.
A charitable donations tax credit in the amount of the proceeds can be claimed on your final tax return, up to 100 % of your net income.
Such carryforward amounts could include net capital losses or other losses from prior years, unused registered retirement savings plan (RRSP) contributions, unclaimed charitable donations (as described further below), unused tuition, education and textbook amounts, interest on student loans, resource pool balances and investment tax credits.
You may also offset some of the net gains by making a charitable donation before the end of the year.
* Donations and charitable gifts — Generally, you can claim up to a limit of 75 per cent of your net income.