Charitable donations - Ecological gifts

The federal government has extended the carry-forward period to 10 years for donations of ecologically sensitive land made after February 10, 2014.

For Quebec residents this period was extended to 10 years after February 11, 2014.

However, for ecological gifts made prior to February 10, 2014, the carry-forward period remains at five (5) years.

For more information on this topic, please consult the following links:

Federal:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-349-donations-gifts.html

Quebec:

https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/350-to-3981-non-refundable-tax-credits/line-395/

 

Refer to Table 3 - Ecological gifts. To see this table, click on the link above and scroll down to the bottom of the page.

To enter your ecological gifts, follow these steps:

1. In the "Left-side menu on the Interview tab", select "Interview setup".

2. On the screen to your right, go to the "Common tax deductions" group, check the box for "Donations and federal political contributions" and then click "Next" at the bottom of the page.

3. Return to the "Left-side menu on the Interview tab", select "Donations/political contributions" and on the screen to your right, click on the plus "+" icon to the right of the line "Gifts of ecologically sensitive land".

4. On the page that appears, enter the relevant information.

5. If you do not want to claim the entire credit amount, return to the "Left-side menu on the Interview tab", and click again on "Donations/political contributions". In the screen on the right, scroll down to the group "Sharing and optimization" and click on the plus "+" icon to the right of the line "Sharing donations between spouses and optimization of donations".

6. On the page generated, choose the appropriate option from the drop-down menu to the right of the line "Select how to distribute your family's charitable donations". If you selected "Claim the specified amount", make sure to enter on the next line the donation amount you wish to claim on your return.

If applicable, follow the same procedure to complete the provincial section, located under the federal one.

The amount of the credit will be calculated in Schedule 9 of the federal return and will be reported on line 34900. For Quebec residents, the amount of the credit will be calculated in Schedule V and will be reported on line 395 of the provincial return.

ID: 20191125113710NI.xml

Webpage: KPA335-20191125113710NI.htm

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