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Charitable Giving
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Charitable Giving
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Do some research  

It's important that the charity you give to make good use of your money. The Canada Revenue Agency (CRA) website includes a list of all registered Canadian charities. Go to "Programs" on the left-hand side and click "Charities". You can find information about a specific charity by searching for it on the CRA site and reading the Registered Charity Information Return. It provides a wealth of information about the charity's fundraising activities, how it uses your money, the number of employees, and so on.

The Greater Good

Volunteering is a great way to sharpen skills and make valuable job contacts — particularly when you are taking your career in a different direction. If you’re interested in volunteering, you may already know of some groups in your community that could use your time, such as an adult learning centre or drop-in facility. If you’re unsure how to help, go to www.volunteer.ca to find out more.

Tax tip...

Charitable donations don't have to be claimed in the year they are made — they can be carried forward for up to five years. If you (or your spouse) donate in smaller amounts, consider grouping together donations to take advantage of the higher credit available on amounts above $200.If you file your taxes online or using TELEFILE, be sure to keep your charitable donation receipts, as the Canada Revenue Agency may ask to see them.
 

Here are a few sites that can help you develop your giving strategy

  • Imagine Canada - A new organization created by the Canadian Centre for Philanthropy and the Coalition of National Voluntary Organizations.
  • Canada Revenue Agency - Lists all registered Canadian charities.
  • Statistics Canada - Useful surveys on charitable giving and volunteering.
  • www.volunteer.ca - Funded by the federal government; contains a wealth of information about volunteering.
  • Canadian Donor's Guide - Data on thousands of Canadian fundraising organizations.


 
Julie Lange - ScotiaMcLeod Belleville Banner