December 13, 2013
Tax Incentive to Support Local Charities
Tobique-Mactaquac – Canadians have a long and proud tradition of helping those in need. This is often most evident during the holiday season, when our generosity is extended to the many organizations in local communities that help those who need it most.
The Conservative Government’s top priority is jobs, growth, and long-term prosperity. That includes helping to sustain communities and families more effectively.
“We do this by supporting Canada’s charitable sector and those who give their time, effort, and money to their communities,” says Mike Allen, Member of Parliament for Tobique-Mactaquac. “If donating for the first time is on your wish list this holiday season, we’d like to give you an extra reason to donate generously.”
Canada’s incentives for charitable donations have been described as among the most generous in the world. In Canada, registered charities are exempt from tax on their income and may issue official donation receipts for gifts received. Donors can use those receipts to reduce their taxes by claiming the charitable donation tax credit. In 2012, federal tax assistance for charitable donations was more than $2.9 billion.
The Standing Committee on Finance’s report, called Tax Incentives for Charitable Giving in Canada, identified a need to foster and promote a culture of giving, which in turn sustains a higher quality of life for hard-working Canadians. That’s why our Government introduced a new, temporary, first-time donor’s super credit as part of Economic Action Plan 2013, to encourage Canadians to take that first step to donate and support charitable endeavours in their communities.
Monetary donations made by first-time donors after March 20, 2013, and before December 31, 2017, now qualify for the first-time donor’s super credit. Individuals qualify as first-time donors if neither they nor their spouse or common-law partner has claimed the charitable donation tax credit since 2007. The new incentive provides an extra 25% credit when claiming the charitable donation tax credit. This means a 40% federal credit for donations of $200 or less, and a 54% federal credit for the portion of donations that are over $200, up to $1,000. This is in addition to provincial and territorial tax credits.
“I encourage all residents of Tobique-Mactaquac who are in the position to give to donate generously to help others who are in need,” said Mr. Allen.
More information about the first-time donor’s super credit is available at cra.gc.ca/fdsc and actionplan.gc.ca.
Before you give, remember to also donate wisely by researching charities at cra.gc.ca/donors.
December 12, 2013
Canada Summer Jobs Application Deadline Extended
Tobique-Mactaquac – The employer application deadline date for the Canada Summer Jobs program has been extended to January 31, 2014. This will provide employers with more time to prepare and submit their applications.
Mike Allen, Member of Parliament for Tobique-Mactaquac encourages all eligible employers to complete the process on time.
“Canada Summer Jobs is a terrific program and many organizations in the riding benefit from the funding assistance every year,” said Mr. Allen. “Getting applications in on time is a must and I sincerely hope everyone will take note of the earlier application period. I am also very pleased that the deadline has been extended an additional three weeks.”
The period to apply for Canada Summer Jobs 2014 is from December 2, 2013 to January 31, 2014, allowing employers to be notified of their application status earlier and have more time to recruit students.
Canada Summer Jobs provides funding to help employers create summer job opportunities for students. It is designed to focus on local priorities, while helping both students and their communities.
- provides work experiences for students;
- supports organizations, including those that provide important community services; and
- recognizes that local circumstances, community needs and priorities vary widely.
Canada Summer Jobs provides funding to not-for-profit organizations, public-sector employers and small businesses with 50 or fewer employees to create summer job opportunities for young people aged 15 to 30 years who are full-time students intending to return to their studies in the next school year.
There is no maximum number of participants. Depending on demand and available funding, approval may be given for fewer jobs/participants and weeks than requested in an application. Also, keep in mind that submitting a complete and eligible application is a requirement for funding, but is not a guarantee of funding.
For more information on Canada Summer Jobs and to apply for funding please visit the Service Canada Website at www.servicecanada.gc.ca/csj .