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donation contribution limit

By Drache Aptowitzer LLP | 4 Minutes Read March 11, 2013

Finance committee report into charitable donation incentives is a disappointment

Several years after hearings into charitable donation incentives were first proposed by Member of Parliament Peter Braid, we finally have the report of the Parliamentary Finance Committee. Unfortunately, it seems that the after years of anticipation the final report is neutered of any real effect because it lacks analysis. Fundamentally, the report is a review of the submissions made by the various witnesses followed by a qualified set of recommendations and even at that is a light read.

Article by Drache Aptowitzer LLP / Business, Finance and Accounting, Not for Profit / An Act respecting a National Charities Week and to amend the Income Tax Act (charitable and other gifts), Bill C-458, Budget 2013, Canada Revenue Agency, charitable donation, Charitable organizations, charity, deadline for the use of charitable receipts, donation contribution limit, Finance committee report, Gifts, gifts of certified cultural property, gifts of ecologically sensitive lands, Non-Profit Organization Information Return, public benefit, Reducing the"Red Tape Burden" recommendations, tax credit, Tax recommendations, Transparency recommendations

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