Introduction

March 22, 2016

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 the sale of real estate and private company shares – will come as a disappointment to some in the sector.  Aside from a relieving measure related to GST/HST on charitable donations and a few technical measures, the Budget contains no new donation incentives. Charities and not-for-profits will be pleased that the Budget does not impose additional compliance burdens on the sector.

Disclaimer

This publication is provided as an information service and may include items reported from other sources. We do not warrant its accuracy. This information is not meant as legal opinion or advice.

Miller Thomson LLP uses your contact information to send you information electronically on legal topics, seminars, and firm events that may be of interest to you. If you have any questions about our information practices or obligations under Canada's anti-spam laws, please contact us at privacy@millerthomson.com.

© 2020 Miller Thomson LLP. This publication may be reproduced and distributed in its entirety provided no alterations are made to the form or content. Any other form of reproduction or distribution requires the prior written consent of Miller Thomson LLP which may be requested by contacting newsletters@millerthomson.com.