Sponsorship Tax Credit Calculator

Enter a donation amount in the box below and press the Calculate button to see how little you pay to sponsor a student.

  • A $20 monthly sponorship for a Grade 6 student is only $240/year, before deducting the tax credit. Enter 240 to see the tax credit. (Note: The sponsorship amount varies from $17 to $40 per month, depending on what grade the student started the program, and the number of sponsors the student has.)

  • When a student has 4 sponsors, the total donations required to sponsor a student for the entire program until graduation is $1475, before deducting the tax credit. Enter 1475 to see the tax credit.

  • The total donations required to sponsor a student for the entire program until graduation is $5900, before deducting the tax credit. Enter 5900 to see the tax credit.

  • The tax-credit reduces the cost of your donation, which means you get a return on your investment of 40% to 52% , depending on the province you reside in.
Donation Amount ($):

Province / Territory Tax credit on donation amount up to $200 Tax credit on donation amount in excess of $200 Total Tax Credit* After-Tax Cost of Donation Percentage saved by tax credit
Alberta $ 51.00 $ 2850.00 $ 2901.00 $ 2999.00 49%
British Columbia $ 43.10 $ 2490.90 $ 2534.00 $ 3366.00 43%
Manitoba $ 52.80 $ 2644.80 $ 2697.60 $ 3202.40 46%
New Brunswick $ 50.36 $ 2669.88 $ 2720.24 $ 3179.76 46%
Newfoundland & Labrador $ 52.14 $ 2680.14 $ 2732.28 $ 3167.72 46%
Northwest Territories $ 42.80 $ 2453.85 $ 2496.65 $ 3403.35 42%
Nova Scotia $ 48.58 $ 2650.50 $ 2699.08 $ 3200.92 46%
Nunavut $ 39.00 $ 2308.50 $ 2347.50 $ 3552.50 40%
Ontario $ 43.10 $ 2289.12 $ 2332.22 $ 3567.78 40%
Prince Edward Island $ 50.60 $ 2604.90 $ 2655.50 $ 3244.50 45%
Quèbec $ 71.00 $ 3021.00 $ 3092.00 $ 2808.00 52%
Saskatchewan $ 53.00 $ 2508.00 $ 2561.00 $ 3339.00 43%
Yukon $ 45.08 $ 2380.32 $ 2425.40 $ 3474.60 41%

*Disclaimer:
This tax calculator is based on provincial tax information for the year 2007. It is provided as a convenience for your general information, and should not be interpreted to be legal tax advice. Refer to the Canada Revenue Agency guidelines for more information: Giving to Charity: Information for Donors http://www.cra-arc.gc.ca/tax/charities/donors/menu-e.html . Consult with a tax professional for financial advice related to your specific situation.

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