Aviation Connection charity status allows the organization to issue official receipts to private donors and corporations.
What are the benefits?
–Tax credits for donations:
For individuals, the tax credit for donations is in the form of a non-refundable tax credit and is claimed on line 349 on schedule 1 of the Federal Tax return (Provincial line 596). Credits vary depending on the Province. On average, between 39.75% and 53% of the donation value represents the amount of non-refundable tax credit to be claimed.
For corporations, fiscal advantages can be very rewarding depending on the Province. Donations have also the advantage of improving the brand image at low cost.