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All items tagged with: donations credit

Financial Pros Oppose Tax Credits for Journalism Donations

Posted: January 08, 2019
Posted in: Strategic Thinking , Federal Government, poll results, charitable donations, CE summits, tax proposals, budget 2018, Fall Economic Update, donations credit, journalism donations, non-profit journalism

One controversial change o in the the November 21, 2018 economic statement was the proposal to provide taxpayers with a charitable donation credit for monetary gifts to non-profit journalism organizations. We asked tax and financial professionals their opinion on this hot topic: 78% of those who responded to Knowledge Bureau Report’s December poll voted to oppose this measure, hands down, even at a giving time of year.

In-Kind Donations: 94% of Canadians Make Them

Posted: December 19, 2018
Posted in: Strategic Thinking , Strategic Philanthropy, tax credits, charitable giving, charitable donations, registered charities, donation tax credit, charitable donations credit, in-kind donations, non-monetary donations, advantages

There are tax advantages that encourage giving back to the less fortunate this holiday season – it’s a tax gift that keeps on giving. But giving has taken on an interesting trend: not all donations made by charity-minded Canadians are monetary. In fact, Statistics Canada reports that 94% make in-kind donations each year, which includes items like clothing, toys, household goods, or food.