Andy J Posted March 20, 2021 Report Posted March 20, 2021 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
AltaRed Posted March 27, 2021 Report Posted March 27, 2021 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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