Why nobody gets a tax benefit when you donate at the checkout - News Summed Up

Why nobody gets a tax benefit when you donate at the checkout


When it comes to checkout philanthropy, in Canada, no one gets a tax benefit. Gena Rotstein of Karma & Cents, a group that advises Canadians and companies on charitable giving, says checkout donations are a cheap way for charities to raise funds. As well, customers are already at the checkout ready to spend money, so fundraising expenses are also lower. Those extra toonies and loonies people donate at checkouts can really add up, according to Kate Bahen of Charity Intelligence Canada. (Fabiola Carletti/CBC)Canadians should give to charities that matter to them, according to Bahen, and research how those charities spend their money before they donate.


Source: CBC News July 24, 2022 19:56 UTC



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