First-Time Donors Super Credit (FDSC)

What's in this article?

 

What is this?

This credit gives you an additional 25% donation tax credit on cash donations up to $1,000 made after March 20, 2013.

Canada Revenu Agency says...

For first-time donors, the budget proposes to introduce a temporary supplement to the existing non-refundable tax credit for charitable donations by individuals. The new credit can be claimed once from the 2013 to 2017 taxation years.

 

Am I eligible?

This credit can be claimed once from 2013 to 2017, as long as you or your spouse or common-law partner haven't claimed the charitable donation tax credit since 2007.

Either you or your spouse or common-law partner can claim the credit or it can be split between you, as long as you don't claim more than $1000 between you.

The rate used to calculate your charitable tax credit is higher for donation amounts over $200. So it may be better for you or your spouse or common-law partner to hold your donations and claim them all at once to get a higher credit. You have up to five years to claim the donation.

 

Where do I claim this?

Follow these steps in H&R Block’s tax software to claim your First-Time Donors Super Credit (FDSC):

1. Click the PREPARE tab.
2. Click the OTHER icon. You will find yourself here:


3. Under the CHARITABLE & POLITICAL CONTRIBUTION section, select the checkbox related to Donations and gifts.
4. Scroll to the bottom of the page and click Continue.

When you arrive at the page for Donations and gifts, enter the amount of gifts of money donated after March 20, 2013 in the appropriate field.

 

Where can I learn more?