Donations made out to the Thunder Bay-Rainy River Conservative Association will stay in the riding to help promote Conservative values and elect a Conservative Member of Parliament (donations made through a mailing, telephone call, or website by the federal party stay with the federal party).
For your convenience, the Thunder Bay-Rainy River Conservative Association accepts online donations online using Credit Card via Paypal a very secure site that does not disclose your credit card information.
Donations can be made by cheque payable to the Thunder Bay-Rainy River Conservative Association and mailed to:
Thunder Bay-Rainy River Conservative EDA
P. O. Box 29011
Thunder Bay, ON., P7B 6P9
You do not have to become a member to make a donation.
You will receive an official tax receipt, to be used for your annual tax donation.
Any time through the year is a good time to donate to the Thunder Bay-River Conservative Association. Donations made to your local conservative association stay locally (donations made through a mailing, telephone call, or website by the federal party stay with the federal party).
Political donations give you the greatest tax benefit next to not paying tax.
When you donate to the Thunder Bay - Rainy River Conservative Association you will get a federal tax deduction that is taken directly off your taxes payable. That means that unlike other tax credits valued at 17% of the amount spent (charitable donations) and then applied to taxable income before taxes are calculated. For a political donation, the tax benefit is valued at as high as 75% of the amount spent (See below) and are applied to your actual taxes payable.
A simple example is a $100 charitable donation and $100 political donation. Taxable income of $1000 and a tax rate of 10%
Here is the actual benefit Income Tax Credit Taxable Income Taxes to be paid:
- For $100 charitable $1000 $100 x 17% $983 $98.30
- For $100 Political $1000 $100 x 75% $1000 $100 - $75 = $25
Massive difference in both the rate of tax credit to be used and when it is used.
Cash donations up to $20 are allowed.
For 2019, the maximum allowable contribution to a registered Canadian political party increases to $1600.00. Accordingly, we will now accept donations of this amount through our website. The maximum possible tax reduction is $650.00.
Up to $400.00 your tax credit is 75%.
The next $300.00 (to $750.00 total) generate a 50% credit.
Amounts greater than $750.00 up to $1600.00 generate a 33.3% credit.
On any donation over $1275.00 up to $1600.00 (the cap) the maximum credit is $650.00.