Tuesday, April 2, 2013

Canadian House Committee Issues Tax Incentives for Charitable Giving Report

Canadian House of CommonsWhile incentives for charitable giving have been a topic of much debate in Washington, DC, this topic is also of interest to our neighbor to the north.  In a detailed report, the Standing Committee on Finance for Canada's House of Commons considered the effectiveness of existing and proposed tax incentives for charitable giving based on evidence provided by numerous organizations and individuals and put forward a dozen recommendations for legislative and executive branch action.  Those recommendations include eliminating or reducing the capital gains tax on charitable donations of certain property and exploring an enhanced tax credit for donors who increase their contributions over time, while at the same time promoting greater accountability and transparency in the charitable sector.

Hat tip: Miller Thomson Charities and Not-for-Profit Newsletter.

LHM

http://lawprofessors.typepad.com/nonprofit/2013/04/canadian-house-committee-issues-tax-incentives-for-charitable-giving-report.html

International | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef017d4278b9ed970c

Listed below are links to weblogs that reference Canadian House Committee Issues Tax Incentives for Charitable Giving Report:

Comments

Post a comment