First-Time Donor’s Super Credit (FDSC)
The 2013 budget proposes a temporary FDSC providing an additional 25-per-cent tax credit for a first-time donor on up to $1,000 of donations.
A first-time donor will be entitled to a 40-per-cent federal credit for donations of $200 or less,
and a 54-per-cent federal credit for the remaining portion not exceeding $1,000.
An individual will be considered a first-time donor if neither the individual nor the individual’s spouse or common-law partner has claimed a Charitable Donation Tax Credit in any taxation year after 2007.
As a first-time donor, the FDSC may be shared by you and your spouse or common-law partner in a particular taxation year. However, the total amount of donations that may be claimed under the FDSC by both individuals cannot exceed $1,000.
Only donations of money that are made after March 20, 2013 will qualify for the FDSC.