I was working on a project yesterday as the 2013 Canadian Budget came out. To help Canadians better understand the federal government’s new First-Time Donor’s Super Credit (FDSC), I created an infographic. This temporary tax credit is meant to encourage Canadians who don’t usually to give to charity.
While doing my research, I discovered some interesting facts in Canadian charitable giving. For Instance:
- Women were more likely than men to have made at least one financial donation (86% of women compared with 82% of men). It was close but women were still more likely.
- Being employed, having a university degree and belonging to a higher-income household increase both the probability of making donations and the amounts given. That just made sense. No surprises there.
- People who volunteered 60 or more hours a year were more likely to donate financially. I figure that these folks see first hand the real need.
- People give more as they age. Interesting.
Why don’t people give more? They’ll tell you.
According to their study, 37% people believed that their money would not be used efficiently so they did not give more.
This temporary credit is great news for Canadian Charitable organizations and is certain to encourage new donations. I can’t help but feel that it would have been a nice bonus to also give the extra credit to those who already donate.
Check out the infographic below and see for yourself.
My Year In Gear 