WHEN YOU DONATE TO THE CHURCH, YOU WILL GET A PORTION OF YOUR DONATION BACK WHEN YOU FILE YOUR TAXES
For the tax year 2021, the federal government provides a tax credit for your donations to Ascension Catholic Parish. They provide a 15% credit on the first $200, and 29% on the remainder to a maximum of 33% tax credit. And also the Alberta government also provides a 10% tax credit on the first $200 donated and 21% on the excess.
A $1000 donation to Ascension Church can provide a tax credit of $450. This means your ‘out of pocket’ cost will only be $550! Thank you for your support.
To help understand how tax saving benefits your financial support see the table on the right for examples of the estimated tax savings for modest monthly donations.
Please note this information comes from public sources and is provided for informational purposes only and is not to be construed as accounting, financial, tax, or legal advice. Please consult with a professional in respect of your own personal circumstances.
Here is another link for information on current donation tax credits in Canada:
TaxTips.ca - Donation Tax Credit Rates for 2021
Ascension Finance Council