The temporary incentive will be applied to gifts made on or after March 21, 2013 up to December 31, 2017. Only cash donations will qualify for the tax incentive, not gifts in kind. It is also only available to individuals, or gifts made by their spouse or common-law partner. Corporations are not eligible to receive the FDSC.
The federal government announced the FDSC in this week's budget, and hopes that the new incentive will help enhance the charitable sector by increasing the current donor base.
For more information, visit the Government of Canada website.
To make your gift to the University of Saskatchewan now, give online, or call University Advancement at (306) 966-5186 or 1-800-699-1907 (Toll Free).