Gifts of Cash
Calculator
Our Gifts of Cash Calculator is designed to help individuals determine the after-tax cost of making charitable cash gifts. By entering your donation amount and tax rate, you can estimate the financial impact of your contribution and plan your giving strategy effectively.
Gifts of Cash
For Individuals
The following will help determine the after-tax cost in both percentage terms and absolute dollars, of making a cash gift. Simply enter the amount of the gift, the appropriate tax rate and the calculator will determine the after-tax cost.
A federal tax rate of 27.56% is used for taxable income greater than or equal to $253,415.
A federal tax rate of 24.22% is used for taxable income less than $253,415.
A Quebec tax rate of 25.75% is used for taxable income greater than or equal to $129,591.
A Quebec tax rate of 24.00% is used for taxable income less than $129,591.
Assumptions:
- The donor is a Quebec taxpayer.
- The full amount of the donation will be eligible for a tax credit at the given rate.
The Calculator is provided as an aid only and a donor should consult with a professional advisor before making a gift.
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