These notes are from the Elections Ontario website. For further information from Elections Ontario concerning political donations, Click Here!
Provincial Tax Credits
| Total Contribution | Credit Calculation | Maximum Credit |
|---|---|---|
| Up to $300 | 75% of contribution | $225 |
| $300 to $1000 | $225 plus 50% of the amount over $300 | $575 |
| More than $1000 | $575 plus 33 1/3% of the amount over $1000 $1000, whichever is less | $1000 |
Either the contributor or the contributor's spouse may claim this tax credit. However, a single contribution cannot be split between spouses.
How Much Can you Contribute In Any Year?
In each year, any person, corporation or trade union may contribute up to $7,500 to any provincial party. Also, you may contribute up to $1,000 to any constituency association, but the total contribution to all constituency associations of the same party must not exceed $5,000. This means the maximum annual political contribution allowed in a non-election year is $12,500 to each registered party and its constituency associations.
During an election you may make extra contributions. At election time, you may give up to an additional $7,500 to any provincial party and up to $1,000 to any candidate so long as the total contribution to all candidates of the same party does not exceed $5,000.
Should you exceed the contribution limit for a year or for a campaign period, you must return the tax credit receipt to the Chief Financial Officer (CFO) before your excess contribution can be refunded to you. If the receipt is not returned, the prohibited portion of your contribution will be remitted to the Chief Election Officer.
| Donation | To Provincial Party | To Constituency Association | To Candidate | ||
|---|---|---|---|---|---|
| Each | Total | Each | Total | ||
| Annually | $7500 | $1000 | $5000 | NIL | NIL |
| Extra during a campaign period | $7500 | NIL | NIL | $1000 | $5000 |