Jack’s Tax Incentive & Government’s Tax Expenditure
Relief from Tax on Taxable Capital Gains
$1,350,000 x 50%
x 46% (Fed/Prov Tax)
$310,500
Tax Credit in Year One
$21,820
Tax Credit for next 5 years @ current income
$109,000
Total Tax Expenditure over 6 years
$441,320
Donated value that expires after 6 years
$1,215,390
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