Revenue Canada Tax Credits on Donations
Donations to the Eglinton Lawrence Conservative Association are eligible for federal tax credits on your income tax return. This chart shows how much you will get back for a donation at various levels.
|Your Donation||credit %||credit $|
|Credit on first $400||75%||$300|
|Credit on > $400 to $750||50%||$175|
|Credit on > $750 to $1,275||33 1/3%||$175|
Elections Canada Personal Limits on Contributions
There are also maximum amounts that each person can donate in a calendar year. The Eglinton Lawrence Conservative Association is a Registered Association, so falls into the second row. In addition to donating here, you can also donate to the national party up to the limit and you would have been able to donate the limit to any one or combination of the leadership candidates in 2022.
|Political entity||2022 annual limit|
|To each registered party||$1,675|
|In total to all the registered associations, nomination contestants and candidates of each registered party||$1,675|
|In total to all party leadership contestants in a particular contest||$1,675|