Tax Credits
Last modified: Thursday, December 13, 2007 12:31
Political Contribution Tax Credits
A portion of the value of contributions, whether in cash or in kind, that have been made to a registered political party, registered constituency association, or registered candidate, may be deducted from taxes payable to Alberta. Official Receipts issued for Annual Contributions and/or Campaign Contributions qualify for a tax credit. The following example shows how to calculate the tax credit.
Example of Tax Credit Calculation
| Contribution Levels |
Available Tax Credit |
| Up to $200 |
75.0% |
| $201 to $1,100 |
50.0% |
| $1,101 to $2,300 |
33.3% |
| Over $2,300 |
nil |
NOTE: The maximum tax credit of $1,000.00 is reached when contributions total $2,300.00. Alberta Treasury, Tax and Revenue Administration, is responsible for legislation and rates for political income tax credits.
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