Many of Victoria's contributors choose to support the University by making a cash donation (including gifts made by credit card or cheque). This provides an immediate benefit to the University, and the simplest means of calculating the tax benefit of a donation.
Victoria's charitable business number is 10817 3436 RR 0001.
The following table provides several sample scenarios of the impact of Canadian tax credits on the cost of making a donation to the University.
|
Amount of Gift |
Tax Savings* |
Net Cost |
|
$100 |
$25 |
$75 |
|
$250 |
$70 |
$180 |
|
$1,000 |
$390 |
$610 |
|
$10,000 |
$4,185 |
$5,815 |
* the calculation of the value of tax credits for charitable gifts varies province by province.
This information is general in nature and does not constitute legal or financial advice, and should not be relied upon as a substitute for professional advice. We strongly encourage you to seek professional legal, estate planning and/or financial advice before deciding on your course of action.