FAQs > Financial & Receipting Information > What is my income tax advantage?
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Combined federal and provincial income tax credits on charitable gifts made by Albertans are now 25% on the first $200 and 50% on anything above the $200 threshold. The following chart demonstrates the benefit:
|
Donation
|
Alberta Tax Credit
|
Federal Tax Credit
|
Total Tax Credit
|
Actual Cost
|
Cost Per Day
|
|
$50
|
$5.00
|
$7.50
|
$12.50
|
$37.50
|
$0.10
|
|
$100
|
$10.00
|
$15.00
|
$25.00
|
$75.00
|
$0.21
|
|
$200
|
$20.00
|
$30.00
|
$50.00
|
$150.00
|
$0.41
|
|
$365
|
$54.65
|
$77.85
|
$132.50
|
$232.50
|
$0.64
|
|
$500
|
$83.00
|
$117.00
|
$200.00
|
$300.00
|
$0.82
|
|
$700
|
$125.00
|
$175.00
|
$300.00
|
$400.00
|
$1.10
|
|
$900
|
$167.00
|
$233.00
|
$400.00
|
$500.00
|
$1.37
|
|
$1000
|
$188.00
|
$262.00
|
$450.00
|
$550.00
|
$1.51
|
|
$2000
|
$398.00
|
$552.00
|
$950.00
|
$1,050.00
|
$2.88
|
|
$3000
|
$608.00
|
$842.00
|
$1,450.00
|
$1,550.00
|
$4.25
|
|
$4000
|
$818.00
|
$1,132.00
|
$1,950.00
|
$2,050.00
|
$5.62
|
|
$5000
|
$1,028.00
|
$1,422.00
|
$2,450.00
|
$2,550.00
|
$6.99
|
