Charitable Donations

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Information on donations to approved charities being a deductible expense.


Making Donations to Approved Charities

For the purpose of ascertaining the chargeable income or statutory income, as the case may require, any person (individual, company or organisation), may deduct the amount of any donations (not exceeding one twentieth of the statutory income) to any institution or organization established and operated exclusively for charitable or educational purposes and approved by the Minister responsible for finance under Section 13(1)(q) of the Income Tax Act.
 

What it Means to Have Charitable Status

Under Section 13(1)(q) of the Income Tax Act, any institution or organization established and operated exclusively for charitable or educational purposes and is registered as a charity under the Charities Act, is able to accept donations and provide a receipt which allows donors to claim the donation as a deduction, provided it does NOT exceed one-twentieth (1/20) of statutory income. 

GART Rates