In the notes section of a CRA presentation “Regulation of Charities – Overview” the CRA notes that in 2012 the amount of receipts issued was $14.28 Billion and that “the federal assistance for charitable donations in 2012 exceeded $2.9 … Individuals also claimed over $1 billion in provincial and territorial tax credits billion”. Therefore the cost of having a tax subsidy just for donations to registered charities is almost $4 Billion.
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