First-time donor’s super credit
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For the purpose of the FDSC, you will be considered a first-time donor if neither you nor your spouse or common-law partner have claimed and been allowed a charitable donations tax credit for any year after 2007.
The FDSC applies to a gift of money made after March 20, 2013, up to a maximum of $1,000, in respect of only one taxation year from 2013 to 2017.
If you have a spouse or common-law partner, you can share the claim for the FDSC, but the total combined donations claimed cannot be more than $1,000.
An eligible first-time donor claims $700 of charitable donations in 2013, of which $300 are donations of money. The charitable donations tax credit (CDTC) and the first-time donor’s super credit (FDSC) would be calculated as follows:
- On the first $200 of charitable donations claimed, the CDTC is ($200 x 15%) = $30.
- On the donations claimed in excess of $200, the CDTC is [($700 − $200) x 29%] = $145.
- On the donations that are gifts of money, the FDSC is ($300 x 25%) = $75.
- The total of the CDTC and FDSC is $250.
Completing your Schedule 9
To claim a first-time donor's super credit, enter the amount of your eligible gifts on line 343 .
The amount entered on line 343 must also be included in the amount entered on line 340 by you and/or your spouse or common-law partner.
If you and your spouse or common-law partner share the donations credit, the total of the amounts claimed at line 343 cannot exceed the total of the amounts claimed at line 340.
Forms and publications
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