Other Measures
IN THIS SECTION: Charities and Not-for-Profit Measures Aboriginal Tax Policy Charities and Not-for-Profit Measures In addition to clarifying some pertinent tax rules relating to charities, the Budget includes some disappointing announcements. Previous Budget Measures (a) Capital Gains Exemption for Donations...
Expanding Open Data Initiatives
As part of the pre-Budget consultation process, Imagine Canada made a submission to the House of Commons Standing Committee on Finance which included a recommendation that the Government should establish a partnership with the charitable and non-profit sector to identify...
Government Announces Unprecedented Investment in Canada’s Indigenous Peoples
The Budget proposed to invest an impressive $8.4 billion over five years to improve the socio-economic conditions of Canada’s Indigenous peoples. With a view to providing a better quality of life for Indigenous peoples and ensuring that their voices are...
Previously Announced Measures
The Budget confirms the Federal Government’s intention to proceed with certain tax and related measures that were announced in the current session of Parliament but have not yet been legislated, specifically: the common reporting standard established by the Organisation for...
Police Record Checks Reform Act, 2015: Potential Impact on Prospective Employers
On December 1, 2015, the Ontario government passed Bill 113 the Police Record Checks Reform Act, 2015 (the “Act”), which will come into force at a date to be determined in the near future. The Act applies to persons who...
Claiming the Clergy Residence Deduction – CRA and the Courts Provide Further Guidance
Where an individual is determinably a member of the clergy, a regular minister of a religious denomination, or a member of a religious order, and is also employed in a qualifying function, he or she may take advantage of the...
Ontario Budget 2016: Few New Measures that Affect the Voluntary Sector
On February 25, 2016, Ontario Finance Minister Charles Sousa released the 2016 Ontario Budget. Generally speaking, the purpose of the annual Budget is to outline the government’s economic and social priorities for the coming year. This year, the Ontario Budget...
What Should we do for the Ontario Not-for-Profit Corporations Act?
Charities incorporated under Ontario law have been waiting on the Not-for-Profit Corporations Act (“ONCA”) to come into force. The ONCA was passed by the Ontario Legislature in 2010, but comes into force on a day to be named. Recently, the...
Liberal Government Increases Top Tax Rates and Adjusts the Charitable Tax Credit at the Same Time!
On December 7, 2015, the Minister of Finance, Bill Morneau, confirmed the intention of the Liberal Government to move ahead with their proposal to reduce the 22% personal income tax rate to 20.5% to strengthen the middle class. He further...
Finance Releases Draft Legislation Affecting Estate Donations
On January 15, 2016, the Department of Finance released draft legislation that proposes to amend the rules in the Income Tax Act (ITA) that deal with whether donations of property by estates are exempt from capital gains tax as well...
