Like it or not, money is a major player in our political system. But did you know that you get a 75% tax credit for the value of donations up to $300? The government of Canada will allow you to support your favorite political party, and you can do it (almost) for free!
From the Elections Canada website:
- for contributions up to $400, a credit of 75 percent (for example, a $300 credit for a contribution of $400)
- for contributions from $401 to $750, a credit of $300 plus 50 percent of the amount over $400 (for example, a $475 credit for a contribution of $750)
- for contributions over $750, the lesser of $650 or $475 plus 33⅓ percent of the amount over $750 (for example, a $650 credit for a contribution of $1,275)
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