Legal Developments

Ethical Investing In (1993), 11 Philanthrop. No. 4, I reported on Harris and Others v. The Church Commissioners, an English case dealing with “ethical investing” by charitable trustees. Those interested in that subject should read the Manitoba Law Reform Commission’s Report No. 79 of 1993, Ethical Investments By Trustees. Ethical investing generally means refusing to…

Case Comment: Profitable Donations-What Price Culture?

The author wishes to acknowledge with gratitude the assistance of David E. Spiro and David A. Walden. In 1977, the federal government created an administrative framework to regulate the import and export of important cultural property and encourage its transfer to public hands. The legislative initiative was voiced in the Cultural Property Export and Import…

Recent Tax Developments

Rumack v. M.N.R., 90 DTC 6271 FCTD Charities that have used “Cash for Life” lotteries as a method of fund raising will be pleased with the recent decision of the Federal Court in Rumack. In that case, Miriam Rumack won $1000 a month for life, guaranteed for 20 years, in a Cash for Life lottery…

Recent Tax Developments

Budget Proposal Affects Prospective Donors On February 20, 1990 the Honourable Michael Wilson, Minister of Finance, presented his 1990 budget. In the recent past, tax practitioners have grown used to countless resolutions relating to income tax and sales and excise tax legislation.This budget was an exception as there were only seven resolutions relating to the…

Recent Tax Developments

Information Kit Relating to Non-Profit Corporations Consumer and Corporate Affairs Canada has released an information kit on the incorporation, etc. of a nonprofit corporation. This kit covers essentially all of the documentation required in order to incorporate a nonprofit corporation under Part II of the Canada Corporations Act. It includes such documents as model by-laws,…

Recent Tax Developments

Report of the Task Force on Funding of the Arts, June, 1986 Funding of the Arts in Canada to the Year 2000, the report of the Task Force on Funding of the Arts which was chaired by Edmund C. Bovey, C.M., was published by the Government of Canada in June, 1986. The Task Force made 60…