First-time donors super credit (FDSC)
The First-time donor's super credit (FDSC) supplements the value of the charitable donations tax credit (CDTC) by 25% on donations made after March 20, 2013, by a first-time donor. The FDSC applies to a gift of money made after March 20, 2013, up to a maximum of $1,000, in respect of only one taxation year from 2013 to 2017.
For the purpose of the FDSC, someone is considered a first-time donor if neither the principal taxpayer nor the spouse or common-law partner (if they have one) have claimed and been allowed a charitable donations tax credit in any year after 2007. If the taxpayer has a spouse or common-law partner, they can share the claim for the FDSC, but the total combined donations claimed cannot be more than $1,000.
- To indicate that a taxpayer is eligible for the FDSC, choose select 1: Yes, no donations claimed after 2007 in answer to the question at the top of the Donations worksheet.
- If you carried forward the return from a prior year and that data contains past-year donations, TaxCycle will automatically select the appropriate option to disallow the credit.
- In the donations data entry table, this automatically includes the full amount of each receipt in the amount eligible for the FDSC credit column.
- If you only wish to claim a portion of a particular receipt, choose No in in the All? column and type the portion to claim in the amount eligible.