Charitable donations - How to limit or carried forward donations

You want to know how to carry forward the donations over several years and benefit from a more advantageous tax credit.

As a first step, let us specify that this applies to usual charitable donations. The maximum period is 5 years.

For more information on charitable donations, please consult the following links:

For the 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

For Quebec:

http://www.revenuquebec.ca/en/citoyen/declaration/produire/comment/aideligne/ligne395.aspx

To carry forward charitable donations, please follow these steps:

1. In the "Left side menu on the Interview tab", select the "Donations/political contributions".

2. On the page generated on the right, scroll down to the "Sharing and Optimization" group and click the plus sign "+" icon to the right of the line "Sharing donations between spouses and optimization of donations".

3. In the page titled "Optimization of donations" first, go to the "Federal - Charitable donations" section. On line "Select how to distribute your family's charitable donations, choose your option the drop-down menu.

NOTE: If you want to carry forward all the amount of donations, choose the option "Do not claim the donations".

4. For Quebec residents, go to the "Québec - Charitable donations and other gifts" section and to the line "Select how to distribute your family's charitable donations - Quebec" and in the drop-down menu on the right, choose your option.

5. You can also optimize the Quebec amounts of dons for cultural patronage or of a large cultural donation.

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Webpage: KPA335-20191125114205NI.htm

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