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Thanks to The Blunt Bean Counter for organizing the Bloggers For Charity initiative. All blogs combined, we raised an impressive $12,575! Special thanks to Lisa, who donated $200 to Woodgreen’s Homeward Bound Program to win the Blogger for a Day here at Canadian Finance Blog! I am so happy to support the Canadian Finance Blog’s,…
Shortly before my wife was diagnosed with MS, she had participated in the local MS Walk fundraiser with a group from work. I donated $100 to her team, and gave myself a nice pat on the back for supporting a great cause. The next year I took a different approach after learning about my wife’s…
I was asked a question about my charitable donations post from last week. The question was, instead of the $200 in my example, what if he donated say $1,000 a year… would he be better off getting the credit each year and investing it? For starters, lets break down the tax credit he would receive, each…
By saving your receipts you can optimize the tax credit you receive on charitable donations you make to registered charities. You do however, need to have a dependable filing system since you’ll need to hold on to your receipts for a few years. The first $200 of charitable donations you claim are eligible for a 15%…
