buksoDonations charity donation business personal credit
Not tax advice. General bookkeeping information only, checked against the official sources linked below (Canada Revenue Agency, IRS, provincial governments and Justice Laws) on Oct 17, 2026. Rules change; check with your accountant before you file.
Canada
For a sole proprietor, donations to registered charities are not a business expense: you claim them as a personal tax credit with the official receipt. A corporation deducts donations it makes on Schedule 2, generally up to 75% of its net income for the year; unused amounts can usually be carried forward five years.
Official source: canada.ca