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Nevertheless, the overall worth of donations from people incomes between $200,000 and $499,999 decreased notably. Regardless of a 14.1 % enhance in donors from this revenue bracket, the typical donation quantity dropped by 23.1 % from 2021 to 2022.
Canadians incomes lower than $40,000, who make up 48.8 % of all tax filers and 17.5 % of all donors, accounted for 7.4 % of the overall worth of donations in 2022, a lower from 8.7 % in 2021.
The very best revenue teams, incomes $1m or extra yearly, reported the very best median donation at $5,150, a lower of 5.2 %. As compared, these incomes between $500,000 and $999,999 noticed a slight enhance of their median donation to $1,930.
Age additionally performed a major position in charitable giving patterns. Seniors, these aged 65 or older, had been extra more likely to make charitable donations, with 23.9 % of tax filers on this age group reporting donations.
In distinction, solely 4.8 % of tax filers below 25 reported charitable donations. Seniors accounted for 34.2 % of charitable donors in 2022 and contributed $48 for each $100 donated.
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