You reduce your taxes If you donate to a charity
Previously I discussed how you can reduce your taxes by making a political contribution.
Well, most of us aren’t exactly enamoured by Canadian politics and political parties, so we need another way to reduce our taxes.
The most noble way of reducing your taxes is by donating to a charity. This could be something for helping the poor, medical research, or another form of approved charity.
Charitable donations are considered a non-refundable tax credit.
Some helpful links:
Is it even possible to have personal liberty in Canada?
Mr.Nobody was kind enough to leave the following comment on my post about a day at the shooting range:
“A firearm (or many) is pretty much a prerequisite to self-reliance and personal liberty. Which is why you can’t and don’t really have either in Canada.”
So that brings up the question, is it even possible to have personal liberty in Canada? Can we really be free?
One of the most patriotic things you can do is reducing your taxes. Yes I mean that – let me explain: This prevents the tax revenue from growing as fast and helps to prevent the various governments from getting as much of a taste of your money as possible. Because once they taste it they will never let it go, and will deploy this money into more wasteful programs. Wasteful spending can’t grow as fast if the tax base doesn’t. See, I like my logic.
Political contributions are a decent way to reduce your taxes. But of course you do have to have a particular political party that you support and it is real money that you are giving.
I have some more research to do on this topic, but it appears that you can contribute a few hundred dollars each year and receive a decent tax credit.
Some links that I have used for research: