Charitable donations - Modify optimization

You want to know how to "Modify the optimization of our donations".

Program's optimization uses just enough of your available donations to reduce your federal tax to 0. Unused donations are carried forward to use next year. In some cases, you may want to force the program to claim a different amount of your available donations or carry forward all the amount to the next tax year.

To change the optimization of charitable donations, please follow the steps below:

1. On 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. On 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 from the drop-down menu

4. For the Quebec residents, go to the "Quebec - Charitable donations and other gifts" section and the line "Select how to distribute your family's charitable donations - Quebec" and choose what suits you best.

For more information on charitable donations, 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/

ID: 20191125114617NI.xml

Webpage: KPA335-20191125114617NI.htm

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