Traditionally the Federal Government gives taxpayers a non-refundable credit of 15% on the first $200 of charitable donations, and 29% on the remainder, subject to a limit of 75% of your Net Income.
Starting in the 2013 tax year and lasting until 2017, they will be offering a bonus credit of 25% on the first $1000 of donations for first-time donors. This results in a total credit of 40% on the first $200 of donations, 54% on the next $800, and 29% thereafter.
For the 2013 taxation year, an individual will be considered a first-time donor if neither the individual nor the individual’s spouse or common-law partner has claimed the Charitable Donations Tax Credit in any of the five preceding tax years. Only donations of money that are made after March 20, 2013 will qualify for the First-Time Donor’s Super Credit.
For more information, consult the CRA’s reference page for the First-Time Donor’s Super Credit here.