Friday, 2 October 2020

Donations to the Friends of GDH are tax efficient

When you donate to the Friends of the Golden & District Hospital, Canada Helps will issue to you a charitable donation tax receipt for the full amount of the donation. You can print the tax receipt directly from the donation page or retrieved at a later date. The tax receipt can also be emailed to you.

Some charities charge a large administration fee reducing the amount available to the cause however, Canada Helps only takes a small administration fee of 3% and transfers the funds to the East Kootenay Foundation for Health (EKFH) where it is segregated into an account specifically for the Friends of the Golden and District Hospital. The EKFH takes about 5% as an administration fee when equipment is purchased, so for every dollar donated approximately 92 cents is available to the hospital for the purchase of equipment. A very efficient way for you to support our community hospital!

Your tax credit will vary depending on your level of donation. For a donation of $500 from a BC resident, the tax credit is approximately $171.22 which will reduce your income tax payable.

To estimate your amount of tax credit click the link below;

Canada Helps tax credit calculator

The online fundraising page, Giving Thanks to the Golden & District Hospital 2020, is accepting donations until Saturday October 11th 2020.

Click here to donate

Keith W Hern

Friend of the Golden & District Hospital

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