News and Views
Structure, next generation pave road to success for B.C.-based Parker Family Foundation
Dale and Joan Parker had achieved many of their life’s goals. They’d raised a wonderful family, found professional success (Dale is a former banker) and had the financial security to share some of their wealth with a range of charities. Their goal was to build a legacy of charitable giving that would outlast them and […]
How does the Budget 2024 affect the charitable sector?
Originally published by the CAGP on April 30, 2024 – https://www.cagp-acpdp.org/en/blog/how-does-the-2024-budget-effect-the-charitable-sector On April 16, 2024, the Canadian federal budget was tabled. How does this budget affect the charitable sector? Alternative Minimum Tax (“AMT”) Reform In effect for almost forty years, AMT was introduced as a means for the government to ensure individuals and certain trusts pay […]
2024 Federal Budget highlights for philanthropists: AMT adjustment a win for donors
The charitable sector breathed a measured sigh of relief last week when the 2024 federal budget was tabled, after the federal government first proposed measures in 2023 that would limit tax exemptions, credits and deductions relating to charitable donations—particularly those focused on AMT filers. Why? The longstanding perception has been that high-earning Canadians use their […]