102 (1) An individual who is a qualifying individual for a taxation year and who complies with the requirements of this section may claim an amount for the year in respect of and not exceeding his or her political contribution tax credit for the year.  2007, c. 11, Sched. A, s. 102 (1). Qualifying individual (2) An individual is a qualifying individual for a taxation year for the purposes of this section if the individual is resident in Ontario on the last day of the taxation year.  2010, c. 26, Sched. 20, s. 6 (1). Amount of tax credit (3) The amount of a qualifying individual’s political contribution tax credit for a taxation year is determined as follows: 1. If the sum of all eligible contributions made by the individual during the year does not exceed the first contribution level for the year, the individual’s political contribution tax credit for the year is 75 per cent of the eligible contributions. 2. If the sum of all eligible contributions made by the individual during the year exceeds the first contribution level for the year but does not exceed the second contribution level for the year, the individual’s political contribution tax credit for the year is calculated using the formula, (A × 0.75) + [(B – A) × 0.5] in which, “A” is the first contribution level for the year, and “B” is the sum of all eligible contributions made by the individual in the year. 3. If the sum of all eligible contributions made by the individual during the year exceeds the second contribution level for the year, the individual’s political contribution tax credit for the year is the lesser of the tax credit limit for the year and the amount calculated using the formula, (A × 0.75) + [(C – A) × 0.5] + [(B – C) × 0.3333] in which, “A” is the first contribution level for the year, “B” is the sum of all eligible contributions made by the individual in the year, and “C” is the second contribution level for the year. 2007, c. 11, Sched. A, s. 102 (3); 2014, c. 7, Sched. 29, s. 8. Requirement to file receipts (4) A qualifying individual is not eligible to receive a political contribution tax credit for a taxation year under this section unless he or she files with the Ontario Minister the receipt required by the Chief Electoral Officer under the Election Finances Act to be issued to the individual for each eligible contribution.  2010, c. 26, Sched. 20, s. 6 (2). More than one taxation year (5) If a qualifying individual has more than one taxation year ending in a calendar year, the individual may claim a tax credit under this section only for the last taxation year ending in the calendar year and shall include in the sum of his or her eligible contributions all eligible contributions each of which was made in that taxation year or in a previous taxation year ending in the calendar year.  2007, c. 11, Sched. A, s. 102 (5). Exception (5.1) Despite subsection (5), the amount of eligible contributions of an individual for a taxation year is deemed to be nil if the individual is a bankrupt at any time in the calendar year containing the taxation year. 2021, c. 40, Sched. 21, s. 6. Definitions (6) In this section, “Chief Electoral Officer” means the Chief Electoral Officer appointed under the Election Act; (“directeur général des élections”) “eligible contributions” means, in respect of an individual for a taxation year, all contributions made by the individual in the year to leadership contestants, candidates, constituency associations or parties registered under the Election Finances Act; (“contributions admissibles”) “first contribution level” means, in respect of a taxation year, the amount determined by multiplying $399 by the indexation factor determined under subsection 40.1 (1) of the Election Finances Act for the calendar year in which the taxation year ends; (“premier niveau de contribution”) “recorded agent” means a person on record with the Chief Electoral Officer as being authorized to accept contributions on behalf of a leadership contestant, political party, constituency association or candidate registered under the Election Finances Act; (“agent désigné”) “second contribution level” means, in respect of a taxation year, the amount determined by multiplying $1,330 by the indexation factor determined under subsection 40.1 (1) of the Election Finances Act for the calendar year in which the taxation year ends; (“deuxième niveau de contribution”) “tax credit limit” means, in respect of a taxation year, the amount determined by multiplying $1,330 by the indexation factor determined under subsection 40.1 (1) of the Election Finances Act for the calendar year in which the taxation year ends. (“crédit d’impôt maximal”)  2007, c. 11, Sched. A, s. 102 (6); 2008, c. 7, Sched. S, s. 28 (2); 2010, c. 26, Sched. 20, s. 6 (3); 2016, c. 22, s. 60 (3-6). Section Amendments with date in force (d/m/y) 2008, c. 7, Sched. S, s. 28 (1, 2) - 01/01/2009 2010, c. 26, Sched. 20, s. 6 (1) - 01/01/2009; 2010, c. 26, Sched. 20, s. 6 (2, 3) - 08/12/2010; 2010, c. 1, Sched. 29, s. 20 - 15/12/2009 2014, c. 7, Sched. 29, s. 8 - 01/01/2009 2016, c. 22, s. 60 (3-6)
- 01/01/2017 2021, c. 40, Sched. 21, s. 6 - 01/01/2022