Giving Now is Critical and Also Reduces Tax Burdens

Following the Canada Post Strike, The Salvation Army is deeply concerned about the dramatic shortfall in donations. Giving now, up until midnight on December 31, will not only boost critical holiday fundraising, but reduce taxable income and tax burdens.

Sixty-five percent of The Salvation Army’s annual fundraising occurs between November 1 and December 31 and roughly two-thirds of that is by mail. While the Canada Post Strike is over, donations are delayed. This could potentially affect The Salvation Army’s delivery of services such as food banks, shelter programs and emergency relief.

It’s a difficult time for many Canadians. In a recent survey by The Salvation Army, more than half of people accessing food banks are coming for the first time, indicating ongoing financial challenges. And parents with children are missing bill payments and eating less so their children or family members can eat.

When you donate to a charity and claim receipts, you will see the difference that charitable donation tax credits make. Not only is giving to charity a great way to give hope and help to vulnerable individuals and families, but when you claim your charitable tax credits you can also lower your tax payable to the government.

Will you consider sharing the spirit of the season by making a tax-deductible gift? The Salvation Army makes it easy to give.

General Donations: Make an unrestricted donation to be used where the need is greatest or designate your gift for a specific program.

Gifts of Securities: By donating a stock, bond, or mutual fund directly to a charity, you avoid having to pay any capital gains taxes on their appreciated value. In addition to eliminating the capital gains tax, you also will receive a charitable tax receipt for the market value of the shares when received in the Army’s bank account.

Corporate Giving: Reduce your company’s tax liability, enhance company morale, and support vulnerable people across Canada when you give a corporate gift.

Don’t delay. Giving is straightforward by donating online at SalvationArmy.ca or by calling 1-800-SAL-ARMY. For those making impossible choices, your donation is their answer.