Tax Credit Information

​Donating isn't just about that good feeling you get when you give back to the community (though that's our favourite reason). Did you know that donations to registered charitable organizations like the Waskesiu Foundation can reduce your income taxes payable?

This article outlines the tax benefits of charitable donations in Canada. The tax credit is calculated as a percentage of the donation, and varies depending on the province in which you live. To see the tax credit available to you, check out this charitable donation calculator. Support your favourite charity and get a tax break to put a little money back in your pocket!

The Waskesiu Foundation Inc. issues charitable receipts for gifts $25 or over.

Our Charitable Registration number is 872159074 - RR0001.

Save capital gains taxes on in-kind donations of securities

If you donated certain types of capital property to a registered charity or other qualified donee, you may not have to include in your income any amount of capital gain realized on such gifts. You may be entitled to an inclusion rate of zero on any capital gain realized on such gifts:

  • A share of the capital stock of a mutual fund corporation;
  • A unit of a mutual fund trust;
  • An interest in a related segregated fund trust;
  • A prescribed debt obligation (for example, government savings bond);
  • Ecologically sensitive land (including a covenant, an easement, or in the case of land in Quebec, a real servitude) donated to a qualified donee other than a private foundation where conditions are met; and
  • A share, debt obligation, or right (for example, security/stock option) listed on a designated stock exchange.

Note this does not apply if you sell the securities and donate the proceeds. To qualify, the securities must be donated In-Kind and the Foundation then sells them. 
Click here for
more information from the Canada Revenue Agency.

The information provided is general in nature and is not intended to represent tax or legal advice. We understand that each individual’s financial circumstances are unique and you are advised to consult with a qualified professional advisor.

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A registered charity supporting recreational, social, cultural and environmental activities that enhance the Waskesiu experience

Waskesiu Foundation - Enhancing the Waskesiu Experience