The budget proposes to introduce a temporary supplement to the existing non-refundable tax credit for charitable donations by individuals. The new credit can be claimed once from the 2013 to 2017 taxation years.
Here is how it works - if you have donated $500 in 2013 to a registered charity, under the normal calculation you can claim NRTC ($200 x 15%) + ($300x29%) = $117, and the first time donor can claim an additional 25% of $500 = $125; a total of $242. For the 2013 taxation year, an individual will be considered a first-time donor if neither the individual nor the individual’s spouse or common-law partner has claimed the CDTC in any of the five preceding tax years.
