10 Tax Tips

Accountant Mississauga

Tip #3 Donation credit

3. Inefficient filing of donation credits between spouses. Spouses should combine donation credits to get the most bang for their charity buck. That is significant because the federal non-refundable tax credit rises from 16 per cent to the top tax threshold of 29 per cent when donations exceed $200.

Advertisements

March 3, 2009 Posted by | Accountant CGA | | Leave a comment