Social Impact Newsletter

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March 22, 2016 - Special Budget Edition

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Introduction

March 22, 2016, was Federal Budget day.  The Budget contains relatively few tax measures specific to charities and non-profit organizations.  Unfortunately, the most significant measure – the reversal of the previously-proposed capital gains exemption on the donation of proceeds of...

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Previously Announced Measures in Budget 2015

No Capital Gains Exemption for Donations of Real Estate and Shares of Private Corporations Budget 2016 announces the Government’s intention to reverse proposals made in Budget 2015 with respect to donations of the cash proceeds from sales of real estate...

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Split-Receipting Treatment of GST/HST on Charitable Donations

The Budget proposes a new relieving measure related to the application of the sales tax regime (whether GST or HST depending on the province) to charitable donations.  The measure will effectively apply the split-receipting regime that applies to charitable gifts...

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Commitment to Review and Clarify Political Activity Rules

In his November 2015 Mandate Letter to the Minister of National Revenue, Diane Lebouthillier, Prime Minister Trudeau mandated her to work to “modernize” Canada’s charity law and clarify the rules in the Income Tax Act that deal with political activities. ...

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Charitable Donation Tax Credit Rate for Estate Donations

In December 2015, the Federal Government announced that it would increase the personal income tax rate for top earners in Canada, with corresponding changes to the charitable donation tax credit rates to introduce a top donation tax credit rate of...

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Investments in Charitable Sector

While the Budget contains relatively few tax measures specific to the charitable or non-profit sector, it does announce several initiatives and investments that will be of interest to certain organizations within the sector including: an investment of $339 million over...

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Expanding Open Data Initiatives

As part of the pre-Budget consultation process, Imagine Canada made a submission to the House of Commons Standing Committee on Finance which included a recommendation that the Government should establish a partnership with the charitable and non-profit sector to identify...

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Government Announces Unprecedented Investment in Canada’s Indigenous Peoples

The Budget proposed to invest an impressive $8.4 billion over five years to improve the socio-economic conditions of Canada’s Indigenous peoples.  With a view to providing a better quality of life for Indigenous peoples and ensuring that their voices are...

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Miller Thomson LLP Charities & Not-For-Profit Group

Toronto Rachel L. Blumenfeld 416.596.2105 Donald Carr 416.595.8506 Sheila Crummey 416.595.8507 Nicole K. D’Aoust 416.595.7926 Robert B. Hayhoe 416.595.8174 Kate Lazier 416.595.8197 Susan M. Manwaring 416.595.8583 Martin J. Rochwerg 416.596.2116 Natasha Smith 416.595.8552 Amanda J. Stacey 416.595.8169 Andrew Valentine 416.595.2980 Vancouver Brendan Burns 604.643.1216 Sandra L. Enticknap 604.643.1292 Sarah Fitzpatrick 604.643.1272...

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