Donations to eligible charities entitle you to a tax credit on your annual tax return. You can claim eligible amounts of gifts to a limit of 75% of your net income.

There are two charitable tax credit rates for both the federal government and the provinces and territories you’re in. Any eligible amount you give above $200 qualifies you for a higher rate. For example, in British Columbia, you can claim 43.7% in total tax credit for every dollar you contribute over $200.

The First-time donor’s super credit (FDSC) supplements the value of the charitable donations tax credit (CDTC) by 25% on donations made after March 20, 2013, by a first-time donor. View video below for more information.