This year Imagine Canada’s recommendations are intended to strengthen philanthropy, reduce administrative costs, and support the sector’s entrepreneurial activity. With a $6.4 billion federal budget surplus projected for 2015-16, new investments in the sector are more likely now than at any time since the 2008 financial crisis. Imagine Canada recommends the following:
- Building on the First-Time Donor’s Super Credit announced in 2013, implement the Stretch Tax Credit for Charitable Giving to promote a culture of ongoing and long-term giving.
- Reduce credit card fees for charities to ensure that donors’ dollars go to charitable causes rather than to credit card companies.
- Continue to expand access to federal business development services so that charities and nonprofits have greater capacity to generate earned income and serve their communities.