Important
Notice: Elections Canada rules for contribution
to Candidates have recently changed. You will find below a summary
of the limits and the Income Tax Credits that would apply. For
detailed information go to www.elections.ca
and specifically to the Contributions
section.
And
remember, all contributions qualify you for a tax credit of
up to 75%

Income
tax credits - Your donation is tax deductible!
This means that a donation of $400, for example, actually costs
you only $100!
|
Contribution
amount
|
|
Corresponding
tax credit
|
|
$0.01
to $400.00
|
|
75%
of the contribution
|
|
$400.01
to $750.00
|
|
$300
plus 50% of the contribution over $400
|
|
$750.01
to $1,100.00
|
|
$475
plus 33.3% of the contribution over $750
|
Here
is how it would translate for some typical amounts contributed:
|
Amount
Contributed
|
Tax
Credit
|
Actual
Cost
|
|
$50.00
|
$37.50
|
$12.50
|
|
$100.00
|
$75.00
|
$25.00
|
|
$200.00
|
$150.00
|
$50.00
|
|
$400.00
|
$300.00
|
$100.00
|
|
$500.00
|
$350.00
|
$150.00
|
|
$1100.00
|
$591.66
|
$508.34
|
Limits
on contributions by individuals
Any individual who is a Canadian citizen or permanent resident
of Canada may make these contributions:
-
up
to $1,100 in total in a calendar year to a Riding Association
and Candidate (in total for both). Please note that contributions
to Mark Holland all go through the Ajax-Pickering Federal
Liberal Association
-
up
to $1,100 in total in a calendar year to a Registered Party
So,
this means an individual can contribute a maximum of $2,200
in a calendar year.
Limits on contributions by corporations and trade unions
As of January 1, 2007, corporations
or trade unions CANNOT CONTRIBUTE ANYMORE
For
additional information, please see Elections
Canada web site