Plan your Best Gift Calculator

See how your charitable gifts can save you taxes.

Click here to visit the CRA Charitable Donation Tax Credit Calculator. The calculator looks at tax credits for cash gifts.  If you would like to discuss how gifts of real estate, shares, registered assets, or life insurance might benefit you and your family or heirs, please contact Chelsea McIntyre at 613-774-2422 ext. 6769 or reach out by email to cmcintyre@wdmh.on.ca

 

Please note the disclaimer on the website linked above, repeated here for your convenience:

  • This calculator does not take into account all tax situations. These calculations are based on the information you provide, so it is important that you enter accurate information.
  • If you are a Quebec resident and are entitled to a refundable federal tax abatement, your savings will be less than the calculated charitable donation tax credit.
  • If you have to pay a provincial surtax, your savings will be more than the calculated charitable donation tax credit. This is because the credit will reduce the amount on which your provincial surtax is calculated.
  • This calculator is not for corporations.
  • This calculator does not take into account the Ontario trusts and estates rate of 17.41% for donations over $200.

All of the calculations are for illustration purposes only, and do not constitute professional advice. Please seek counsel regarding your charitable giving with your professional advisor team.