British Columbia Conservative Party
— Platform Theme:
  Smart Governance
— Platform Topic:

                    Civic Value

        Charity Tax Refund

            April 19   News Release   >>

— Platform Plank:
Refund up to $54 on $500 of charitable donations.

  What are you talking about?
  The current charitable donation tax credit is non-refundable.
  You mean the provincial tax credit?
 Yes, and we propose to make it refundable.
  That’s way too costly!
 Agreed, so only the first $54 of the charitable donation tax credit would qualify as refundable.
  What does that cost?
  A taxpayer would be refunded $54 if they had donated $500 to their favorite charities.
  What’s the cost to the public purse?
  We will figure that out after we are elected and before we implement our plan.
  We will include the total cost in the implementation announcement.
  Who benefits?
 Low income taxpayers would get some recognition through this measure.
  Right now they get no recognition because their low income status means they do not have any income tax to pay.
 Under the current calculations, it is the higher income taxpayers who are recognized.
  The unintended consequence of current calculations is to favor the generosity of high income taxpayers and to ignore the generosity of low income taxpayers.

Calculations from the Red Cross web site:

  Current tax credits for donations of:

$100

$200

$500

$1,000

  British Columbia
  $5.06  $10.12    $54.22    $127.72
  Canada
$15.00  $30.00  $117.00    $262.50
  = = = = = = = = =Total= = = = = = = = = =
$20.06  $40.12  $171.22    $390.22
 

Examples of proposal:

  Refundable amounts are highlighted:

$100

$200

$500

$1,000

  British Columbia
  $5.06  $10.12    $54.22    $127.72
  Canada
$15.00  $30.00  $117.00    $262.50
  = = = = = = = = =Total= = = = = = = = = =
$20.06  $40.12  $171.22    $390.22
 

Reference:

  The Jack Knox article can be seen here.