Donations

Posted on by Christopher

[ditty_news_ticker id=”235″]

 

Offertory & Calculator

Offertories are always greatly appreciated and if more convenient, you can make them online via Canada Helps.

Use the calculator to estimate the tax credit generated by your donation*, then click the button to continue.

Individuals can claim up to 75% of their net income in donations to the church and other charities each year. In addition any unused tax credit can be carried forward for up to five years.

Note: Regarding gifts from your estate, the tax calculator may not capture all of the tax benefits available to you.

Parishioners should include their envelope number.

Offertory to:


Your offertory of $
will provide a tax receipt of $ 0
will result in a tax credit* of $ 0
Net cost of the donation $ 0

*Assumes Ontario Residency. Formula used: 20.05% x offertory amount up to $200 + 40.16% x offertory amount above $200. Based on Federal Tax Credit:15% on offertory amount up to $200 then 29% on remainder and Ontario Provincial Tax Credit: 5.05% on offering up to $200 then 11.16% on remainder. This is a non-refundable tax credit. Non-refundable tax credits reduce your federal and provincial taxes. However, if the total of these credits is more than your federal and/or provincial taxes, you will not get a refund for the difference.