August 2009 - Albertans are already some of the most giving and generous people anywhere, and as an organization that relies on that vibrant giving spirit to carry out our important work, SCARS wants to tell you about a new program that could make it even more worthwhile to support your favourite non-profit or charitable organization.
Did you know that if you donate more to registered charities like Second Chance Animal Rescue Society (SCARS), you now have an opportunity to receive a higher tax credit on your income tax return?
As part of the Alberta government's new Community Spirit Program, an enhanced charitable tax credit will allow you to do just that. Through this tax credit, when the provincial and federal charitable tax credits are combined, Albertans now receive a 50-cent tax credit for every dollar donated over $200.
If you make a donation to a Canada Revenue Agency-registered charity, you will receive a non-refundable charitable tax credit when you complete your annual income tax return. When the provincial and federal charitable tax credits are combined, Albertans now receive a 50-cent non-refundable tax credit for every dollar donated over $200.
More support from you also means there is a greater opportunity for SCARS to obtain a provincial grant to support our work in the community.
The donation grant component of the Community Spirit Program allows our organization to apply for a grant based on the amount of money donated by individuals over a 12-month period. The more funds we raise, the better chance we have of receiving a grant to support our operations, as well as the delivery of programs and services.
Your donation counts! Through your support you are helping our community become stronger and more vibrant.
When the provincial and federal charitable tax credits are combined, Albertans now receive a 50-cent non-refundable tax credit for every dollar donated over $200.
For example, if you donate a total of $500 to four or five charities over the year, you will receive a combined federal and provincial charitable tax credit of $200. This means that the donations would cost you about $300, which is the equivalent of donating 82 cents a day, or about the cost of buying a newspaper. As a result of the enhanced tax credit, you may consider donating more to your favourite charities.
More support from you also means there is a greater opportunity for SCARS to obtain a provincial grant to support our work in the community. The donation grant component of the Community Spirit Program allows our organization to apply for a grant based on the amount of money donated by individuals over a 12-month period. The more funds we raise, the better chance we have of receiving a grant to support our operations, as well as the delivery of programs and services.
Your donation counts! Through your support you are helping our community become stronger and more vibrant. To donate to SCARS, visit http://www.scarscare.org/Donate.asp.
For information on the Community Spirit Program, please visit http://www.communityspiritprogram.ca/.