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Q: Every year, I make donations to a temple. Can I claim any tax deduction on these donations to a temple?
A: This depends on whether the temple is an approved institution or organisation. If it is, the temple will issue an approved donation receipt, which you may use to claim a tax deduction. The donation deductible is limited to 10% of your aggregate income.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru