However, the total value of donations from individuals earning between $200,000 and $499,999 decreased notably. Despite a 14.1 percent increase in donors from this income bracket, the average donation amount dropped by 23.1 percent from 2021 to 2022.
Canadians earning less than $40,000, who make up 48.8 percent of all tax filers and 17.5 percent of all donors, accounted for 7.4 percent of the total value of donations in 2022, a decrease from 8.7 percent in 2021.
The highest income groups, earning $1m or more annually, reported the highest median donation at $5,150, a decrease of 5.2 percent. In comparison, those earning between $500,000 and $999,999 saw a slight increase in their median donation to $1,930.
Age also played a significant role in charitable giving patterns. Seniors, those aged 65 or older, were more likely to make charitable donations, with 23.9 percent of tax filers in this age group reporting donations.
In contrast, only 4.8 percent of tax filers under 25 reported charitable donations. Seniors accounted for 34.2 percent of charitable donors in 2022 and contributed $48 for every $100 donated.
