Donation Incentives: The Canadian Advantage

Canada has the most generous tax incentives for charitable giving in the world, but their nature and extent are largely unknown to Canadians. Why does this paradox exist?  There are practical issues that shape our understanding of charitable tax incentives and some practical benefits. For starters, it is helpful to understand that the Canadian tax…

Current Issues in Charitable Tax Planning

This article was developed from a presentation to the first charities law symposium of the Charities and Not for Profit Law Subsection of the Canadian Bar Association- Ontario, on October 27, 2000 in Toronto. Gifts of Private Company Securities—Residue from Resolution 21 In 1997 the federal government introduced sweeping anti-abuse rules (Resolution 21 of the…

Recent Tax and Legal Developments

Two Recent Cases and a Law Reform Initiative Readers of this journal will be interested in two recent cases, one Canadian and one English, and a law reform initiative. Uni Association v. Minister of National Revenue In December 1992 the Federal Court of Appeal gave judgment in Canada Uni Association v. Minister of National Revenue. The…

Recent Tax Developments

The Tax Editors are indebted to Holly MacLachlan-Toonders of Peat Marwick Thorne for this explanation of complex but crucial problems affecting many charitable organizations. Fund-Raising Events and the GST Because of the importance of fund raising to charitable organizations, this column is devoted entirely to the goods and services tax implications arising from fund-raising events….

Viewpoint: Unmasking the Two-Tier Tax-Credit Scheme

Readers are invited to respond to articles in this section. If appropriate, their views will be published. Introduction In justifying the new two-tier tax credit scheme for charitable contribu­tions, Finance Minister Michael Wilson has produced some rather perplexing, as well as anemic, platitudes. According to the Minister the new scheme is fairer than the old…

The Effect of Tax Reform Proposals on Unpaid Volunteer Work

One of the oddest aspects of the June 18, 1987 Tax Reform proposal to replace tax deductions for charitable donations by individuals with tax credits is the effect this may have on unpaid volunteer work. Suppose an individual with only a modest income has been in the habit of teaching Sunday School without remuneration. Under…