An outright gift of cash and/or property to a charity entitles you to a charitable tax receipt. Although the federal tax credit for donations is the same, the amount you receive back on your provincial taxes is different for each province. Most importantly, if you give to your parish every Sunday, you are entitled to a charitable receipt as a result of your support for the church. Using envelopes and claiming your tax credit can add up. It’s true that many people “don’t give to receive.” By registering your gifts for a tax credit, however, it’s possible to give more to your parish, by giving a bit less to the government!
Many married couples don’t consider that the federal tax credit only jumps to 29% from 15% when you give more than $200 a year – so don’t split the receipts – share them.
Also, if you give more than usual in any one year, you can carry over charitable credits for five years. A good financial advisor, tax planner or accountant can help you maximize every dollar you give away – they cost less than you think and will save more than you expect.
A box of envelopes is available at the main office or in the back of the church (simply as one of the ushers). For those making one-time or special donations, pink envelopes are available in the back of the vestibule.
Much like Pre-Authorized Giving (P.A.G.), we are able to take automated monthly or one-time donations using your credit card. Simply fill out the information required on this secure form to make a donation.
If you have any questions, please do not hesitate to contact Mary, in our parish office, at 416-926-7110 or firstname.lastname@example.org.