Tax Deduction Calculator
Real cost donation calculator*
Enter the amount you would like to donate into the form and it will automatically calculate the associated tax credit amounts, as well as the net cost of your donation.
Please be advised that the calculator assumes the donor is an Ontario resident; as provincial tax rates vary across Canada. We recommend that you discuss your gift intentions with your financial, legal or tax advisor.
Individuals can claim up to 75% of their net income in charitable donations each year. In addition any unused tax credit can be carried forward for up to five years.
Note: Regarding gifts from your estate, this tax calculator may not capture all of the tax benefits available to you. Please contact us for more information.
*Formula used: 20.05% x donation amount up to $200 + 40.16% x donation amount above $200. Based on Federal Tax Credit: 15% on Donation amount up to $200 then 29% on remainder and Ontario Provincial Tax Credit: 5.05% on Donation up to $200 then 11.16% on remainder.
Last updated: April 25, 2011