Tip of the Week: Handy tax credit calculator
My last Tip of the Week pointed you to the United Way of the Lower Mainland’s website and we’re going there again… You can use their tax credit calculator to quickly determine the real cost of a charitable donation. It works for donations made by BC residents to registered charities (tax credits vary slightly in each province). Research always shows that tax credits/tax receipts are not top motivators for giving, but nonetheless it is important for fundraisers to understand the tax implications of gifts.
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