Tax Credit Calculator
When you make a donation to Sunnybrook, our patients aren’t the only ones who benefit; you can receive a tax credit for your donation.
To help you determine the net cost of your donation and tax credit amounts, simply enter the amount you would like to donate into our Tax Deduction Calculator* below and it will automatically calculate it for you.
| Donation amount: | $ | ||
| Tax receipt: | $ | 0 | |
| Tax credit (on first $200): | $ | 0 | |
| Tax credit (anything above $200): | $ | 0 | |
| Total tax credit: | $ | 0 | |
| Net cost of donation: | $ | 0 | |
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.
*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: Jan 2017
