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Imagine Canada

Strong Charities. Strong Communities.

Past Budgets

20152014 | 2013 | 2012 | 2011 | 2010 | 2009

 

Budget 2015

Budget 2015 contained a number of beneficial measures for the charitable sector including an extension of the capital gains tax exemption to donations of real estate and private company shares as well as new rules for foundations that will allow them to invest in limited partnerships. Once again, the budget contained a section devoted to charities and the contributions they make to Canada.

Imagine Canada’s pre-budget recommendations included the Stretch Tax Credit for Charitable Giving, a reduction in credit card fees for charities, and increased access to business development programs.

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Budget 2014

Budget 2014 expanded eligibility to Mitacs programs to charities and nonprofits. This was one of our top recommendations during the pre-budget consultations. The budget also contained a number of positive measures that will reduce administrative costs for charities while encouraging increased giving. These include:

  • electronic filing of registration information and annual financial returns;
  • allowing charities to use computer technology to run lotteries, saving millions of dollars a year in administrative costs;
  • doubling the period during which tax credits for the donation of ecologically sensitive lands can be used by donors; and,
  • greater clarity and flexibility for trustees of estates to maximize charitable donations from those estates.

While the budget did not impose any new requirements or restrictions on political activities carried out by charities, it included a proposed measure to restrict charities from accepting donations from foreign governments (or agencies thereof) identified as sponsors of terrorism. The budget also proposed consultations regarding the tax status and transparency of nonprofit corporations. 

Imagine Canada’s pre-budget advocacy focused on the economic contributions made by the sector and recommended policies – including the Stretch Tax Credit for Charitable Giving, access to business development programs in order to further earned income activities, and a review of red tape and regulations – aimed at supporting the sector’s economic and financial sustainability.

Further Reading

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Budget 2013

Budget 2013 maintained the federal government’s target to balance the budget by 2015-16. In order to achieve this, Budget 2013 contained limited new spending, while reaffirming spending reductions that were announced in Budget 2012. Despite this, Budget 2013 introduced a new First Time Donor’s Super Credit to encourage Canadians to support charities across the country. Finance officials estimate that it will generate up to $110 million annually in revenues for the charitable sector. The budget also contained further measures aimed at improving the integrity of the tax system, including measures to close tax loopholes, clarify tax rules, and improve tax fairness.  

Imagine Canada’s pre-budget advocacy focused on the economic contributions made by the sector and recommended policies – including the Stretch Tax Credit for Charitable Giving, access to business development programs in order to further earned income activities, and a review of red tape and regulations – aimed at supporting the sector’s economic and financial sustainability.

Further Reading

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Federal Budget 2012

Budget 2012 maintained the federal government’s target to balance the budget by 2015-16. In order to achieve this, the government indicated its intent to reduce spending in a number of departments – including several of interest to the sector. Budget 2012 announced that charities will be required to provide more information about their political activities including the extent to which these are funded by foreign sources. In addition, the budget proposes to amend the Income Tax Act to further “restrict the extent to which charities may fund political activities of other qualified donees and to introduce new sanctions for charities that exceed the limits on political activities, or that fail to provide complete and accurate information in relation to any aspect of their annual return.” Budget 2012 also discontinued the penny, announcing that the “Government of Canada and the Mint will work in collaboration with Imagine Canada to reach out to institutions and charitable organizations who may wish to organize fundraising activities” coinciding with the penny’s elimination.

Imagine Canada’s pre-budget advocacy continued to call for the adoption of a Stretch Tax Credit for Charitable Giving to promote donations by individuals, equal access to federal business development programs for charities and non-profits, and an expanded mandate for the Tax Court of Canada.

Further Reading

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Federal Budget 2011

Budget 2011 offered some encouragement to the charitable and nonprofit sector, recognizing its “essential role in the Canadian economy and society through the valuable services provided to Canadians.” Imagine Canada was pleased to see the government’s commitment to take steps to strengthen government-community partnerships, as well as its endorsement of Conservative MP Peter Braid’s motion asking the Standing Committee on Finance to study charitable donation incentives. However, Budget 2011 provided no new major cross-cutting initiatives to strengthen the financial sustainability of the sector.

Imagine Canada’s pre-budget advocacy called for the adoption of a Stretch Tax Credit for Charitable Giving to promote donations by individuals, equal access to federal business development programs for charities and non-profits, and an expanded mandate for the Tax Court of Canada.

Further Reading

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Federal Budget 2010

Budget 2010 reformed the disbursement quota regime by eliminating the charitable expenditure rule and modifying the capital accumulation rule. These changes will help many charitable organizations, especially smaller and rural ones, to better plan their activities to meet the real needs of their communities.

Imagine Canada’s pre-budget advocacy called for the adoption of the Stretch Tax Credit for Charitable Giving, the elimination of the disbursement quota regime governing charities under the Income Tax Act, and reforms to the federal grants and contributions policy framework.

Further Reading

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Federal Budget 2009

Budget 2009 made very little mention of Canada’s charities and nonprofit organizations as they enter a period of increasing economic difficulty in meeting their mandates to serve vulnerable Canadians.

Imagine Canada’s pre-budget advocacy asked the government to maintain federal funding for community-based organizations, earmark federal infrastructure funding for Community and Social services, Arts and Culture, Sports and Recreation and Green Retrofit initiatives, and provide a time-limited tax credit measure to stimulate giving.

Further Reading

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Our National Partners

  • great west life
  • Lawson Foundation
  • Muttart Foundation
  • RBC Foundation
  • Suncor
  • TD Bank
  • investors group

Learn more about our National Partners and other supporters.

Charitable Registration Number: 119218790 RR0001