Line 34900 - Donations and gifts
Line 34900 - Donations and gifts
If you or your spouse or common-law partner made a gift of money or other property to certain institutions, you may be able to claim federal and provincial or territorial non-refundable tax credits when you file your return.
Generally, you can claim all or part of the eligible amount of your gift, up to 75% of your net income for the year.
For information about a gift made in a previous year, you will need the version of Guide P113, Gifts and Income Tax, for the year you made your gift.
Tax Tip
You do not have to claim the eligible amount of gifts you
made in 2024 on your 2024 return. It may be more
beneficial for you to carry them forward and claim them
on your return for any of the next 5 years (or any of the
next 10 years for a gift of ecologically sensitive land
made after February 10, 2014).
You have to claim tax credits for gifts that you carried forward from a previous year before you can claim tax credits for gifts that you give in 2024. If you are claiming a carry forward from a previous year, keep a record of the portion of the eligible amount that you are claiming for 2024 and the amount you are carrying forward.
Note
If you contributed to a federal political party, see
lines 40900 and 41000 to find out about claiming a
credit. If you contributed to a provincial or territorial
political party, see the provincial or territorial forms in
your tax package to find out about claiming a credit.
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