Each leadership candidate must raise $30,000 as part of their leadership campaign. This money will go directly to the party and will be needed to help run a successful campaign during the next federal election.
You can donate up to $1,625 to all leadership contestants and benefit from a generous tax credit of up to $650.
You can receive a tax credit up to 75% of your first $400 of your donation, followed by 50% of any amount between $400 and $750, and then 33.3% of amounts over $750. The maximum amount of the tax credit is capped at $650.
Here’s a breakdown of what some contributions would actually cost you after the tax credit:
If you feel you can make a $100 contribution, for example, then please consider making a $400 contribution now. This way the party benefits from a larger contribution and you will get $300 back when you do your taxes or if you have to pay taxes, that payment will be reduced by $300. So after the tax credit, a $400 contribution only costs $100 out of pocket. That’s a good deal.