Quote:
Originally Posted by Mutt
Even if it's 100% tax deductible at his tax rate it's $5,000,000 out of his pocket - which is amazing. Did Steve Jobs who was 1000 times richer than PK Subban ever personally donate $10M to a charity?
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This is how it works in Canuckstikan land : If you or your spouse or common-law partner made a gift of money or other property to certain institutions, you may be able to claim a federal and provincial or territorial non-refundable tax credit when you file your return. Generally, you can claim all or part of this amount, up to the limit of 75% of your net income.