News Room

New Consultations: Modernizing Tax Rules for Charities

As the last remnants of a scrumptious Thanksgiving weekend subside, it is appropriate to take a look at the health and issues surrounding the charitable sector in Canada.  Serendipitously, the federal government is seeking your views on how the tax rules for registered charities and the Canada Revenue Agency’s (CRA) administration of these rules could be modernized.  A new consultation was launched on October 8 and here’s what the government wants to know, by December 3, 2026:

Michelle Connolly: Taking a balanced approach to decision-making

“Taxes should not wag the investment dog,” says Michelle Connolly. Nor, she adds, should investment decisions ignore potential tax consequences.

Canada’s “gender gap” is growing

Canada’s ranking in the World Economic Forum’s Global Gender Gap Index has slipped, to 21 in 2012 from 18 in 2011.

The CRA goes after gifting tax shelters

The Canada Revenue Agency (CRA) has had enough of gifting tax shelter schemes and is taking action.

Evelyn Jacks: Planning to leave work means planned savings

If early retirement — enforced or chosen — is in the cards, take advantage of employer-provided pre-retirement counseling. This tax-free benefit can save you money.
 
 
 
Knowledge Bureau Poll Question

In your view, should Canadians be able to write off more of their out-of-pocket medical expense costs? What amount would be appropriate?

  • Yes
    49 votes
    94.23%
  • No
    3 votes
    5.77%