Viewpoint: Some Issues Relating to the Treatment of Private Foundations Under the Income Tax Act

Viewpoint provides a forum for informed discussion of issues of interest to the voluntary sector. The opinions expressed are those of the authors.  1. The Importance of Ending the Existing Discrimination Against Private Foundations It is vitally important to eliminate the discrimination against private foundations which now permeates the Income Tax Act. It must always…

New Tax Proposals for Charities

In the following pages we reproduce a press release from the Department of Finance announcing the intention of the Minister of Finance to introduce new rules regarding the tax treatment of charities, which will be effective for taxation years commencing after 1983. Although the legislative and regulatory proposals are not yet available, it is evident…

Revised Rules Relating To Minimum Disbursements For Charitable Purposes By Public And Private Foundations

RELEASE DATED APRIL 21, 1982 FROM THE OFFICE OF THE HONOURABLE ALLAN 1. MacEACHEN The Honourable Allan J. MacEachen, Deputy Prime Minister and Minister of Finance, today announced revised rules relating to minimum disbursements for charitable purposes by public and private foundations, and to financial transactions between foundations and related persons. These rules are being…

Bookshelf

The Handbook On Private Foundations, by David F. Freeman, Published by Seven Locks Press, Cabin John, Maryland, U.S.A. 436 pages REVIEWED BY ALLAN ARLETT, Executive Director, The Canadian Centre for Philanthropy. David Freeman brought great experience to the preparation of this handbook on foundations. He began his foundation career with the Ford Foundation in 1950, moved to…

Professionalism in Private Philanthropy

  In a letter to Lord Chesterfield in 1755, Dr. Samuel Johnson delivered a scathing indictment of the financial patrons of his day. Is not a patron, my lord, one who looks with unconcern on a man struggling for life in the water, and when he has reached ground encumbers him with help? The notice…

Accounting Principles

Those concerned with accounting practices for Not-for-Profit-Organizations have had very little guidance in the past on accounting principles to be followed. The Canadian Institute of Chartered Accountants now has a study group under the chairmanship of H. F. C. Graham, C.A., of Clarkson, Gordon & Co. Any enquiries or suggestions should be addressed to K….

From the Editor

We are pleased to publish a spring issue of The Philanthropist after a two year absence. I am sure that you will be delighted to learn that the former editor, Bertha Wilson, was appointed a Justice of the Court of Appeal for Ontario in December, 1975. Although it was some time ago, we extend our congratulations…

A Good Foundation

An Address delivered to the Wills and Trusts Section of the Canadian Bar Association at its Annual Meeting in Banff, August, 1971 The invitation to speak on this, the opening day of the Canadian Bar Association’s 1971 Meeting in Banff, is a welcome and challenging one for me for two reasons: firstly, it is most…

Report To The Special Committee On Charitable Organizations Of The Wills And Trusts Section Of The Canadian Bar Association

TABLE OF CONTENTS METHODOLOGY ANALYSIS OF REPLIES PROBLEM AREA REQUIRING FURTHER RESEARCH GENERAL CONCLUSIONS AND RECOMMENDATIONS METHODOLOGY When we embarked on this pilot study we were in the following position. We had studied in the area of non-profit and charitable bodies and the legislation affecting them for approximately one year, were fairly knowledgeable in this…