2015 Federal Budget and its Impact on Canadian Charities

April 21, 2015 | By: .(JavaScript must be enabled to view this email address) Mark Blumberg
Topics: News, What's New from the Charities Directorate of CRA, Canadian Charity Law

Today the Federal government released its budget.  There were a few items that will impact charities and non-profits in Canada.  Here are the actual provisions in the 2015 Federal budget that impact charities.

Here are some of the highlights of the budget:

  1. Canadian charities will be able to invest in limited partnerships
  2. There will be a capital gains exemption for those who donate private company shares or real estate when items are sold and the proceeds donated to charity within 30 days, starting in 2017.
  3. The Federal government will allocate $6 million over the next five years to help Canadians access "safe, reliable and lower-cost remittance services."
  4. Under the heading "Gifts to Foreign Charitable Foundations" the government is going to tweak the category of qualified donees so that foreign foundations that receive a gift from the Canadian government can also be added to the list, not just groups that are "charitable organizations".  

Do you require legal advice with respect to Canadian or Ontario non-profits or charities?


Charity Lawyer Mark Blumberg

Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.

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