Manitobans are a generous lot, with Statistics Canada data showing, per resident, the province has the highest level of donations.

Certainly, the holiday season has many making donations to charities close to their heart. Besides helping others, another benefit for donors is the federal and provincial tax credits that can be as high as 50.4 per cent, depending on taxable income.

For individuals with taxable windfalls this year — a large bonus from work or the sale of non-registered investments or a business — the credit can be claimed up to 75 per cent of net income in a given year, with excess amounts allowed to be carried forward for five years to use against future taxable income.

Some families have so much to give they set up foundations, which allows them to provide grants to chari

See Full Page