donation tax credit
It should go without saying that the system for charity regulation in Canada is extremely complex. Part of the reason for this situation is that the system is essentially part of a larger one dedicated to the imposition of an income tax. Typically this is seen in the registration of a charity with the Canada Revenue Agency so that the organization can issue charitable donation tax receipts. This relationship exists in other states as well so that certain policy ideas that arise outside our borders may be useful as policy ideas here. From time to time we raise these ideas to help contribute the policy discussion in Ottawa and so a new development in the US has gotten our attention. (Not to mention that when we do raise these ideas in articles we often get thank you acknowledgements from our readers for paying attention to such foreign developments).
The United … Continue reading “A new policy idea – Tapping the wealth of RRSPs”