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Charitable donations show up as $0.00 in Federal Returns


Andy J

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This is the third year of doing my Ufile returns. This year, I have entered about $4000 for charitable donations. I have a CPP OAP of about $17,000.

Why do I see at the end of all the entries I make from my tax slips, a total of $0.00 for charitable donations in the Federal Returns part?

Help please thank you

Andy

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Charitable donations earn a 15% non-refundable tax credit. If you do not owe tax, you can't use a tax credit against nothing owed.  In other words, there are very few things than can cause a negative tax.  Most deductions are non-refundable type tax credits.

 

One that is not is HST/GST tax credit.

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