Share with your friends

Canada: Charitable planning tax opportunities

Canada: Charitable planning tax opportunities

Carefully planning charitable giving may improve a taxpayer’s personal tax situation for 2019.


Related content

How taxpayers make a donation may affect the tax savings received—whether a cash donation or a tax-effective gift of property (known as a "gift in kind"). Such charitable gifts must be made by 31 December 2019 to claim the donation tax credit on the 2019 tax return.

Generally, after-tax cost for a $1,000* cash donation in 2019 can range from a low of $460 to a high of $522 for a "high income earner" with income over $210,000, and from a low of $500 to a high of $562 if income is below that amount (depending on the taxpayer’s province of residence). Donating property such as securities, artwork or real estate—instead of an outright gift of cash—may increase the tax benefits of the donation.

Read a November 2019 report [PDF 211 KB] prepared by the KPMG member firm in Canada


*$=Canadian dollar

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal