PLANNED GIVING
Make an impact on your favorite charity !
Estimate Your Donation Tax Credit
Planned gifts can be an important part of a tax and estate plan where the benefits are twofold:
• Generating much needed dollars for charitable causes
• Helps provide tax relief for contributors
Done properly, planned giving can benefit both society and you, the donor. Large gifts can be
considered as part of your long-term tax, financial and estate planning. Your gift can be a one-
time donation, a series of payments over a set period or ongoing support.
When considering a one-time cash donation, use our calculator to help estimate what your
charitable tax credits could look like. We recommend you seek independent professional legal,
tax and accounting advice before acting on any of the information contained in this calculator.
Please select your province or territory of residence and enter your one-time donation
amount. All calculations are based on Canada Revenue Agency tax rates as of July 31, 2020.
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Estimated Federal Tax Credit
Estimated Provincial Tax Credit
Estimated Total Charitable Tax Credit
Sun Life Assurance Company of Canada is a member of the Sun Life Financial
group of companies. © Sun Life Assurance Company of Canada, 2020.
Enhanced tax credits may apply to donations when incomes exceed $210K.
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This calculator is for information purposes only, and it is not intended to provide or replace professional legal,
tax or planning advice. Any examples, illustrations and information presented here are based on Sun Life's
understanding and interpretation of the Income Tax Act (Canada). The impact of any charitable giving strategy
should be reviewed with your accounting and/or tax professional.
Federal tax abatement reduction of 16.5%
Combined Fed/Pro Tax Credit
Estimated Provincial Tax Credit
Estimated Federal Tax Credit
Select Province or Territory
Estimated Total Charitable Tax Credit
