TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!


Q: Are donations made to charity foundation tax deductible?

A: It depends on whether the charity foundation is an approved foundation under Subsection 44(6) of the Income Tax Act 1967. If it is, then the donation is deductible up to 10% of your aggregate income.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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