US charitable contributions by residents of Canada -
listen to David Ingram most Thursdays on Channel 114 Sirius Radio The Good Life with Jesse Dylan Daily at 12 noon New York time - david Ingram International Income Tax expert - real estate IRA's 401(K) The Wikipedia project is current trying to raise some money to assist the project. In case you do not know about this project, you can find it at www.wikipedia.org and for the most part I have stopped using search engines because in nearly all cases I find the information I am looking for in Wikipedia. Anyway, the matter at hand concerns the following page: http://wikimediafoundation.org/wiki/Deductibility_of_donations which contains, in part, the following citation: Other countries Donations from individuals who are not U.S. residents or nationals may or may not be tax-deductible — questions about such donations should be directed to a tax professional. Donors living outside the United States should determine whether there is a tax treaty with the United States and their country or other law that would allow them to deduct a donation to Wikimedia from their income. Currently there are tax treaty provisions for deductibility in some cases for Canadian, Mexican and Israeli taxpayers. Again, ask a tax professional for specifics. I invite comment on this, assuming that the Wikimedia Foundation has a valid 501(c)3 registration in the USA. =============================== david ingram replies: I can not speak for other countries but Canada will only allow a charitable donation for donations made to an "alma mater" - i.e. a US university or college that the Canadian resident graduated from. UNLESS The Canadian resident has net US income which could be wages, interest, dividends, rents, royalties or self employment. In this case, the Canadian resident is able to deduct up to 75% of the amount of the net US source income. If one does not have any of these items, and the person does have Investment income in Canada, the person should transfer enough of the Canadian Investments into US investments so that the charitable deduction can be used against the US sourced income. -------------- David Ingram's US/Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists Home office at: 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Cell (604) 657-8451 - (604) 980-0321 Fax (604) 980-0325 Calls welcomed from 10 AM to 10 PM 7 days a week (please do not fax or phone outside of those hours as this is a home office) email to taxman at centa.com www.centa.com www.david-ingram.com Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. Nothing in this message is or should be construed as advice in any particular circumstances. 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