What's new for donations and gifts

Charitable donations tax credit calculation

Under proposed changes, this calculation is being changed as a result of the introduction of the new top personal income tax rate of 33%. For donations made after the 2015 tax year, the calculation will be amended so that the new tax credit rate of 33% will apply to the eligible amount of gifts greater than $200 to the extent that an individual has income that is subject to the new 33% income tax rate. For more information, see Completing Schedule 9.

Estate donations

For deaths that occur after 2015, donations made by will and designation donations are no longer deemed to be made by an individual immediately before the individual’s death. Instead, these donations are deemed to be made by the individual’s estate and where certain conditions are met, these donations are deemed to be made by the individual’s graduated rate estate. For more information, see "Gifts in the year of death" in Pamphlet P113, Gifts and Income Tax.

Forms and publications

• Pamphlet P113, Gifts and Income Tax

Date modified:

2017-01-04