|
|
|
|
Giving to Villa Charities offers a tax benefit to you and your family. As a registered charity, Villa Charities issues full tax receipts for all donations of $20 or more. The tax receipt can then be used to receive a federal and provincial tax credit on your annual income tax return.
Federal Tax Credit on Charitable donations:
- 16% on amount up to $200 then, 29% on the remainder amount (over $200)
Provincial Tax Credit on Charitable donations:
- 6.05% on amount up to $200 then, 11.16% on the remainder amount (over $200)
Based on the donation amount, the following chart outlines the total tax credit (federal and provincial combined) and the actual net cost of your donation.
Donation
Amount
|
Total Federal & Provincial
Tax Credit
|
Net Cost of
Your Donation
|
|
$50.00
|
$11.03
|
$38.97
|
|
$100.00
|
$22.05
|
$77.95
|
|
$150.00
|
$33.08
|
$116.92
|
|
$200.00
|
$44.10
|
$155.90
|
|
$250.00
|
$64.18
|
$185.82
|
|
$300.00
|
$84.26
|
$215.74
|
|
$350.00
|
$104.34
|
$245.66
|
|
$400.00
|
$124.42
|
$275.58
|
|
$450.00
|
$144.50
|
$305.50
|
|
$500.00
|
$164.58
|
$335.42
|
|
$750.00
|
$264.98
|
$485.02
|
|
$1,000
|
$365.38
|
$634.62
|
|
$1,500
|
$566.18
|
$933.82
|
|
$2,000
|
$766.98
|
$1,233.02
|
|
$2,500
|
$967.78
|
$1,532.22
|
|
$3,000
|
$1,168.58
|
$1,831.42
|
|
$3,500
|
$1,369.38
|
$2,130.62
|
|
$4,000
|
$1,570.18
|
$2,429.82
|
|
$4,500
|
$1,770.98
|
$2,729.02
|
|
$5,000
|
$1,971.78
|
$3,028.22
|
|
$5,500
|
$2,172.58
|
$3,327.42
|
|
$6,000
|
$2,373.38
|
$3,626.62
|
|
$6,500
|
$2,574.18
|
$3,925.82
|
|
$7,000
|
$2,774.98
|
$4,225.02
|
|
$7,500
|
$2,975.78
|
$4,524.22
|
|
$8,000
|
$3,176.58
|
$4,823.42
|
|
$8,500
|
$3,377.38
|
$5,122.62
|
|
$9,000
|
$3,578.18
|
$5,421.82
|
|
$9,500
|
$3,778.98
|
$5,721.02
|
|
$10,000
|
$3,979.78
|
$6,020.22
|
|
$12,000
|
$4,782.98
|
$7,217.02
|
|
$15,000
|
$5,987.78
|
$9,012.22
|
|
$20,000
|
$7,995.78
|
$12,004.22
|
|
$25,000
|
$10,003.78
|
$14,996.22
|
|
$30,000
|
$12,011.78
|
$17,988.22
|
|
$35,000
|
$14,019.78
|
$20,980.22
|
|
$40,000
|
$16,027.78
|
$23,972.22
|
|
$45,000
|
$18,035.78
|
$26,964.22
|
|
$50,000
|
$20,043.78
|
$29,956.22
|
|
|
|
|
|
