MELANIE GESY NEWS

Super credit available to new donors

Do you qualify?

Wednesday, December 11, 2013

If you are a regular supporter of registered charities then I applaud you for your generosity, as you are unfortunately in the minority. There aren't enough of us out there and the Federal Government is hoping to change that.

If you have never donated to a registered charity (or at least not since 2007), then you are eligible to benefit from the Charitable Donation Super Credit as was introduced as part of the 2013 Economic Action Plan.

You are eligible to qualify as a first-time donor if neither you nor your spouse (or common-law partner) has claimed a charitable donation tax credit since 2007.

Any monetary donation made since March 20, 2013 qualifies for the first time donor's super credit. This credit can be claim starting March 20, 2013 and will continue to be available to new donors through to 2017.

You must donate by December 31, 2013 if you wish to take advantage of it for the 2013 tax year.

The super credit provides an extra 25% tax credit in addition to the credits that already exist for the federal and provincial tax returns. This means that donors can get a 40% federal credit for monetary donations of $200 or less, and a 54% federal credit for the part of donations over $200 and up to $1,000.

In other words, if you donate $200 you get $80 back in the form of a federal tax credit and for every dollar over $200 you get $0.54 back as a federal tax credit.

For more information please contact me, or check out the following links.

CRA - First-Time Donor's Super Credit
CRA - Harper Government encourages Canadians to take advantage of the first-time donor's super credit this holiday season

Categories: charity

Tags: Chartered Accountant alberta government Canada alberta charity

Author: Melanie Gesy

Melanie Gesy graduated from the University of Alberta with a bachelor of commerce degree. She articled at a medium-sized firm where she gained knowledge and experience on small and medium sized companies. It was there that in 2006 she received her chartered accountant designation. In 2010 Melanie started her practice because she saw a need for friendly and affordable professional services for small businesses and entrepreneurial clients. Melanie has built her business around strong relationships with her clients and by helping them to grow and reach their goals.

What my customers say

Melanie has taken over my accounting and things have been updated and upgraded so that even I can do my bookkeeping.

- Mike (Industrial NetMedia) -

"highly recommend her"

Melanie is the best bookkeeper and accountant I know. I highly recommend her to any company.

- Mike (Industrial NetMedia) -

"Appreciated her patience and care"

We came to Melanie 3 years ago with our 2 businesses which at the time the accounting and taxes suffered greatly from our previous accountant. Melanie's knowledge and expertise showed off greatly as she reconciled and brought everything back to where they should be. We appreciated her patience and care as she worked with us and helped us plan each year to get everything back on track. Melanie is very personable and we highly recommend her.

- Robert Capaldo (Capaldo Industrial Services) -

"A competent, reliable, proactive professional"

Melanie has served as our personal and business accountant for the last five years. She is a competent, reliable, proactive professional who takes the time to attain the very best for her clients. She is detailed in her work and meets the deadlines required. We highly recommend Melanie for both personal and business accounting services.

- Adrienne Kelsey (Phoenix Reborn Productions) -

"Mel is always ready and willing to help"

Mel's experience as a professional accountant and her dedication as the club's volunteer board member and treasurer has been incredibly helpful as it relates to the financial operation of the Boys and Girls Club of Leduc. We have experienced a tremendous amount of change transitioning from one accounting system to another and Mel's expertise and work to ensure the new system is configured and functioning to suit the club's needs has been particul...

- Joan Nykiforuk, Administrative Assistant (Boys and Girls Club of Leduc) -

"Very thorough"

Our company used Melanie's accounting services for the first time this year. We found her to be very thorough and worked in a timely manner, within the budget that was quoted. We will continue to use Melanie's services in the future.

- Anonymous Real Estate Broker -

"Gladly recommend"

We use Mel Gesy for both our personal and business accounting. Her expertise has allowed us to transition to a more efficient bookkeeping, decreasing the work load for our staff. As a small business owner her customer service and attention makes it easier for me to focus on my business and at a smaller cost than larger firms. I also appreciate her many dedicated volunteer hours she does for numerous local non-profit groups. I would gladly recomme...

- Dr. Bretton R. Baynes (Baynes Family Chiropractic winner of the 2014 Leduc Small Business of the Year) -

"Extremely helpful"

I have used Mel’s services as a business accountant since 2012. She has been excellent for my small, independent consulting business and has provided me with lots of good advice. She has helped me improve my record keeping and understand all sorts of esoteric accounting things so I can make sure my company records are the best I can make them. She constantly keeps me apprised of any deadlines I need to follow and is extremely reliable in getting...

- Jean Duteau, Duteau Design Inc. -

Please add your own feedback rating

By Appointment Only
780-995-5236

Top

WARNING:

You currently have Javascript disabled. For the best viewing experience we recommend that you enable it in your browser's options.