By: Joel Secter Gifts to Foreign Charitable Foundations Donors in Canada often experience disappointment when wishing to give money to foreign charities because the Income Tax Act does not consider them to be qualified donees within the meaning of the Act. (Qualified donees are organizations that can issue official donation receipts for gifts they receive […]

By: Alexandra Tzannidakis The 2015 Budget announces proposed changes to the Income Tax Act to allow registered charities (i.e. charitable organizations, public foundations, and private foundations) and registered Canadian amateur athletic associations (RCAAAs) to invest in limited partnerships. What’s Changing? Charities have, up to now, been mostly blocked from investing in limited partnerships by the […]

By: Arthur B C. Drache C.M., Q.C. We have been watching federal budgets at close range for more than four decades. The style has changed, of course. The notion of Budget secrecy has essentially gone by the boards…along with the timing which used to be eight o’clock in the evening. But certain things don’t change…but […]

By: Adam Aptowitzer For several years now there have been voices in the charity community advocating for change to the regime by which private company shares and non-environmentally sensitive land may be donated to charity. The arguments for making the changes were good. The first argument for making the change was that conceptually there should […]