The year is quickly coming to a close. Seizing the opportunity to get a tax benefit from the CRA and a chance to donate to a registered charity is in your grasp.
Before December 31, 2018, if you decide to donate to a registered charity you will get a tax deduction on your 2019 tax return.
"We are a registered charity," said Executive Director for the Drumheller and Region Transition Society, Lorelei Martin. "You do receive our registered charity number that goes on your tax receipt to have that donation eligible to be used with your income-tax."
If you donate from now until the end of the year, up to 75% of your donations made can be used towards deductions on your 2018 net income.
"Our receipts meet all of the requirement for Revenue Canada," added Linda Traquair from the Drumheller Library Society. "They have our registered society number and they are available the moment you give your donation at the library."
If, for unforeseen reasons, you can not get the information into the CRA for your tax deduction, credits can roll over for up to 5 years of issued tax receipt dates. Furthermore, spouses or common-law partners can claim the tax benefit if one or the other donated to a registered charity.
"They can definitely donate to a specific program area or specific cause," concluded Martin.
A full list of charities within the Drumheller Area can be found here.