DONATIONS AND GIFTS
You can claim donations either you or your spouse or common-law partner made. Enter your claim from the calculation on Schedule 9. See Pamphlet P113, Gifts and Income Tax, for more information about donations and gifts or if you made any of the following:
These gifts do not include contributions to political parties. If you contributed to a federal political party, see lines 409 and 410 to find out about claiming a credit. If you contributed to a provincial or territorial political party, see the provincial or territorial forms in the forms book to find out about claiming a credit. If you are a resident of Quebec, refer to your provincial guide.
Gifts to Canada include monetary gifts made directly to the federal debt servicing and reduction account. If you made such a gift, which will be used only to service the public debt, you should have received a tax receipt.
Allowable charitable donations and government gifts (line 340 of Schedule 9)
Add up all of the eligible amounts of your donations to registered charities and other qualified donees made in 2013 plus donations made in any of the previous five years that have not been claimed before. This includes gifts to Canada, a province or a territory. For a list of qualified donees, see Pamphlet P113, Gifts and Income Tax.
The eligible amount is the amount by which the fair market value of your gift exceeds any advantage that you received or will receive for making the gift. Generally, an advantage includes the value of certain property, service, compensation, use, or any other benefit. This applies to any donations or gifts made after December 20, 2002. For more information, see Pamphlet P113, Gifts and Income Tax.
Generally, you can claim on line 340 all or part of the eligible amount of these donations, up to a limit of 75% of your net income for the year. You may be able to increase this limit if you donate capital property (including depreciable property). For more information, see Pamphlet P113, Gifts and Income Tax. For the year a person dies and the year before that, this limit is 100% of the person's net income.
Donations of certain flow-through share properties may give rise to a deemed capital gain that is subject to an inclusion rate of 50%. For more information, see Pamphlet P113, Gifts and Income Tax.
Cultural and ecological gifts (line 342 of Schedule 9)
Unlike other donations, your total eligible amount claimed for these types of gifts is not limited to a percentage of net income. You can choose the part you claim in 2013 and carry forward any unused part for up to five years. For more information about the amount to claim for these gifts, see Pamphlet P113, Gifts and Income Tax.
First time donor's super credit (FDSC) (line 343 of Schedule 9)
For 2013 to 2017, if you are a first-time donor, you can claim up to $1,000 of donations of money made after March 20, 2013, for the FDSC. This credit is calculated by multiplying these donations by 25%. This is in addition to the credit already allowed for these same donations that you and your spouse or common-law partner (if you have one), have claimed on line 340 of Schedule 9.
To qualify as a first-time donor, neither you nor your spouse or common-law partner, (if you have one), can have claimed and been allowed a charitable donations tax credit for any year after 2007. If you have a spouse or common-law partner, you can share the FDSC, but the total combined donations claimed cannot exceed $1,000.
Enter the amount of the gift on line 343 of Schedule 9. For more information, go to first-time donor's super credit.