Wednesday, November 12, 2014

Stretch Tax FAQ | Imagine Canada

Stretch Tax FAQ | Imagine Canada:

What is the Stretch Tax Credit?

The Stretch Tax Credit is a proposal to increase the federal charitable tax credit on giving that exceeds a donor’s previous highest giving level. The tax credit would increase from 15% to 25% for eligible amounts below $200, and from 29% to 39% for eligible amounts above $200.

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