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 […]
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 […]
Sometimes the federal government makes news by introducing sweeping new policies. At others it does so by saying little—or nothing—on a specific topic. This week’s 2023 Fall Economic Statement accomplished the latter by disregarding the charitable sector’s calls to roll back some proposed amendments to Canada’s Alternative Minimum Tax. In an earlier blog we outlined […]
Canada Gives Charitable Registration #83306 2144 RR0001.
You can find us in the Charities Directorate at www.cra-arc.gc.ca
Toronto | Collingwood | Edmonton
1 (844) 583-4483
Canada Gives offices are located on the traditional territory of Indigenous peoples dating back countless generations. We want to show our respect for their contributions and recognize the role of treaty making in what is now Canada. Hundreds of years after the first treaties were signed, they are still relevant today. We seek to do better, to continue to recognize, learn, and grow—in friendship and community, Nation-to-Nation.
Canada Gives Charitable Registration #83306 2144 RR0001.
You can find us in the Charities Directorate at www.cra-arc.gc.ca
Toronto | Collingwood | Edmonton
1 (844) 583-4483
Canada Gives offices are located on the traditional territory of Indigenous peoples dating back countless generations. We want to show our respect for their contributions and recognize the role of treaty making in what is now Canada. Hundreds of years after the first treaties were signed, they are still relevant today. We seek to do better, to continue to recognize, learn, and grow—in friendship and community, Nation-to-Nation.
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