QUESTION 5 During 2021, an individual made $5,000 donations to a Canadian registered charity. The individual's Net Income for Tax Purposes for the year is $275,000. What is the amount of the federal tax credit that the individual can use to reduce her federal tax payable for 2021? 

Answer rating: 100% (QA)

In Canada charitable donations made to a registered charity can provide the donor with a nonrefundab... View the full answer