This year, the per-vote subsidy once enjoyed by Canadian political parties ends. Parties will have to raise funds entirely through donations. So, who gives?
There is a generous federal tax credit for political donations, worth 75 percent of the first $400 donated, 50 percent of the next $350, and 33 percent of remaining donations. The federal tax credit can reduce taxes owed by up to $650.
Canada Revenue Agency reports the number of people claiming various deductions and credits by age, sex, income, and province in its annual Income Statistics. Using these, it is possible to work out who is giving to political parties.
Despite the generous tax credit, not many give - of all those who file a tax return (including those who pay no taxes), just 0.7 percent claim the political contribution tax credit. Eliminating non-taxable returns would raise the percentage claiming the credit to one percent of taxpayers.
Also, political donors are old. Forty-nine percent are 65 or older.