Did you know that donations to registered charitable organizations like the Waskesiu Foundation can reduce your income taxes payable? 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, click here to go the Canada Revenue Agency’s calculator.
The Waskesiu Foundation Inc. will issue 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:
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.
Waskesiu Foundation - Enhancing the Waskesiu Experience
A registered charity supporting recreational, social, cultural and environmental activities that enhance the Waskesiu experience