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Canadian charities should be worried if alternative minimum tax changes are passed

Decades and decades ago, Canada made a deliberate policy choice to use our taxation system to help encourage philanthropy. Such a choice included providing tax-exempt status for registered charities — and tax incentives for donors to make gifts to such organizations — and non-profits. During Canada’s one and only comprehensive taxation review (from 1962–1966), The Royal Commission on Taxation recommended the taxation system continue to be used as a means of encouraging philanthropy (see chapter 20)…

Read the full Financial Post article here.