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Expand the capital gains exemption to pre-empt a charitable crisis
Thursday, November 3rd, 2011
Oct. 31, 2011
Our charities cannot expect significant funding increases from government. But they do have an opportunity to access additional financing from the private sector that is more tax effective than direct government support. The 2006 federal budget measure that eliminated the remaining capital gains tax on gifts of listed securities has been an enormous success. Every year since then, Canadian charities have received donations in the form of listed securities of more than $1-billion…
Tags: economy, ideology, philanthropy, standard of living, tax
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