Tax Tip: Claiming a Credit for Federal Political Contributions

Federal political contributions are donations that were made to a registered federal political party. You can receive up to 75 percent of your first $400 of donation as credit, followed by 50 percent of any amount between $400 and $750 and 33.3 percent of amounts over $750. The maximum amount of the credit is capped at $650.

To claim these amounts, save all official tax donation receipts for proof. Then, enter the entire amount of your donation on line 409 of Schedule 1. Use the Federal Worksheet to calculate your tax credit, and use this calculated amount to claim your credit on line 410 of Schedule 1. Note that if you donate to a provincial political party, your donation credit is only applicable to provincial calculations.