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Old 11-14-2012, 05:01 PM   #8
GP_Matt
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Join Date: Jun 2011
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Quote:
Originally Posted by bizaro86 View Post
It's always irked me that a donation to (usually well off) politicians gets better tax treatment than a donation to an actual charity here in Canada. Sounds like thats an election financing rule the US got right.
That is only true for a small donation. I don't remember the actual numbers, but for provincial donations in Alberta you get the best tax break for $200 or less. Every dollar over 200 has a lower deduction and I think the max is $1000 with everything over that earning no deduction.
Compare that to charitable donations where every dollar gets the same treatment whether you give $200 or $2000000. Katz would have received a much bigger tax refund if he had given the money to a charity.
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