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Did you know that the Quebec government encourages individuals to support culture by offering an additional 25% tax credit for a first major cultural donation?
When added to the regular charitable donation tax credit (about 48%), the total cost to the taxpayer is only about 27% of the donation (see examples below).
La Scena Musicale (LSM) is a recognized cultural charity, and by supporting La Scena Musicale, you enable vision to be converted into action.
Join a community of “cultural actionaries*” who believe that music and the arts belong to all – to inspire, to connect and to shape communities.
* Actionary is an informal and emerging term to describe those who act proactively, putting vision to action.
Eligibility for the First Major (ONE-TIME) Gift in Culture:
- The donation must be made by an individual (other than a trust) who is a Quebec resident.
- The donation must be a minimum of $5,000 CAD and a maximum of $25,000 CAD to a registered charity that is operating in the arts and culture sector in Quebec such as La Scena Musicale.
- The donation must be made in cash including cash, cheque, credit card, or electronic funds transfer.
- Any unused portion of the tax credit can be carried forward for up to 4 years following the year of the donation, but it cannot be transferred to a spouse.
- The donation may be made in one or several installments during the calendar year.
- The credit applies to only one donation during the taxpayer’s lifetime.
Example:
In this example, assume that the taxpayer has a taxable income of less than $129,590.
| A
DONATION |
B
REGULAR TAX CREDIT for Charitable Donations (Federal + Provincial) |
C
ADDITIONAL 25% QUEBEC TAX CREDIT for First Major Cultural Donation |
D
COMBINED TOTAL TAX CREDIT [B+C] |
E
NET COST OF DONATION [A-D] |
F
TOTAL CREDIT [D/A] |
| $5,000 | $2,379 | $1,250 | $3,629 | $1,371 | 72.6 % |
| $10,000 | $4,790 | $2,500 | $7,290 | $2,710 | 72.9 % |
| $15,000 | $7,201 | $3,750 | $10,951 | $4,049 | 73.0 % |
| $20,000 | $ 9,612 | $5,000 | $14,612 | $5,388 | 73.1 % |
| $25,000 | $12,022 | $6,250 | $18,272 | $6,728 | 73.1 % |
This page is also available in / Cette page est également disponible en:
Français (French)
