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
