Example of individual tax benefits:

In 2010, Yukon Mary makes a single donation of $1,000 to a registered charity.

She can claim the following tax credit:

22.04% of the first $200 = $ 44.08
41.76% of the remaining $800 = $ 334.08

The total credit, she can apply against her income tax she owes, is $378.16, as the following breakdown reveals:

You can claim up to 75% of your net income in charitable donations each year, and carry forward any unused tax credit for up to five years.

  Federal YT
First $200 15 % 7.04 %
Amount over $200 29 % 12.76 %
Tax Credit for donation of $1,000 $ 262.00 $ 116.16
Combined Fed/Prov Tax Credit for donation of $1,000   $ 378.16