Yesterday, the House of Commons Standing Committee on Finance issued its report Tax Incentives for Charitable Giving in Canada. It recommends the Stretch Tax Credit for Charitable Giving – as proposed by Imagine Canada during our appearance before the Committee – for further consideration by the Finance Minister. In recommending the Stretch, the Committee noted the overwhelming support it had received from charities that testified or submitted written comments.
The Committee’s twelve recommendations include a number possible tax incentives, as well as ideas relating to social finance, red tape, and transparency. We have produced an analysis of the report and recommendations.