A Closer Look at Budget 2011’s Effects on RCAAAs Registered Canadian amateur athletic associations (RCAAA) will soon be treated the same as regular charities in a few key areas according to the proposals in Budget 2011. These new rules, yet to be announced, may apply to existing RCAAAs as early as January 1, 2012. That […]
A Federal Budget like No Other By Arthur Drache We have been watching federal Budgets from Ottawa for forty years including two (1974 and 1979) which saw the government fall on their proposals.[1] But never have we seen a situation before whether there was so little interest in the substance and “nitty gritty” of the […]
Charity Sector is the Focus of Budget 2011 By Adam Aptowitzer In a budget that focussed on tightening up the tax system the charity sector assumed the brunt of the government’s concerns. Of course, given the recent antagonism the sector faced by all parties in the hearings on Bill C-470, a budget dedicated to tightening […]
Ding Dong C-470 is Dead by Adam Aptowitzer While many Canadians are bemoaning the onset of another election (the fourth in seven years), the charity sector is overjoyed. As it turns out, the opposition parties in their eagerness to defeat the Conservative party did unintentionally what they could not be convinced to do directly. The […]
Budget 2012 – If You Are a Charity You Can Breathe Now By: Adam Aptowitzer Politics As Usual Anyone that has been following the news over the past few months is well aware that the Conservative government has been concerned about charity involvement in what are loosely termed ‘political activities’. In fact, the concern about […]
Budget 2013 – No News is Good News Adam Aptowitzer Despite bearing relatively little news for charities this in itself is probably good news for charities. First Time Donor’s Credit Those in the sector will know that Imagine Canada has been pushing for the Stretch Tax Credit as a way to increase the overall donor […]
Budget 2014 – Sensible Tweaking of the System Technological Modernization of CRA’s Charities Directorate The 2014 Budget proposes to help reduce the administrative burden on charities resulting from the Charities Directorate’s out-of-date, paper-based application and filing systems. $23 million will be invested in the CRA over 5 years to allow it to modernize these systems. […]
The Incredible Shrinking Investment in Arts and Culture Budget 2014 announces ongoing funding of $105 million per year in support of core arts programs beginning in 2015. This allocation includes · $25 million for the Canada Council for the Arts · $30.1 million for the Canada Cultural Investment Fund · $30 million for the Canada […]
Budget 2014 – At Least There Was Something Interesting Death and Taxes Becoming More Flexible Where Charitable Donations Concerned Thanks to the proposals in Budget 2014, if you die after 2015 your Executor will have more flexibility in applying your Charitable Donations Tax Credit (CDTC). If you die before then and leave a charitable donation […]
Over the Top Rhetoric set Stage for Budget Proposals By: Arthur Drache C.M. Q.C. Two years ago, before the 2012 Budget we were treated to a lot over super-heated rhetoric from a number of cabinet ministers about the “political activities” of some charities.notably environmental ones, some of which were getting funds legally from U.S. organizations. […]