Home Breadcrumb caret Industry News Breadcrumb caret Industry Trudeau raises donation credit for clients in new top bracket Clients in the new 33% top bracket will get a donation tax credit to match. By Staff | December 10, 2015 | Last updated on December 10, 2015 1 min read New federal tax rules add a top bracket of 33% for taxpayers earning more than $200,000. The government has tweaked the donation tax credit rules to accommodate this change, explains a blog post by Arthur Drache of Drache Aptowitzer LLP. Read: A new formula for tax-efficient philanthropy “For many years, after a low 15% credit for the first $200 of donations, all donations got a credit of 29%, equal to the top federal marginal rate,” notes Drache. The new rules give people in the new top bracket a 33% donation credit to reflect the fact they’re paying more tax, while for everyone else the credit will stay at 29%. Read more here. Also read: Canada’s top-rated charities are… Treat holiday charity like an investment Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo