Canadian Standing Committee on Finance (FINA) review of charitable tax incentives

May 05, 2012 | 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, Global Giving, Canadian Charity Statistics, Ethics and Canadian Charities, Avoiding 'Charity' Scams

The Standing Committee on Finance (FINA) is holding hearings on tax incentives for charitable donations.

Here is the Finance Committee:
Chair - James Rajotte
Vice-Chairs - Scott Brison, Peggy Nash

Mark Adler
Guy Caron
Shelly Glover
Randy Hoback
Brian Jean
Hoang Mai
Wayne Marston
Cathy McLeod
Dave Van Kesteren

Clerk of the Committee
Guyanne L. Desforges

From the Parliamentary Information and Research Service, Library of Parliament
June Dewetering
Mark Mahabir
Brett Stuckey

Past Meetings (to see the minutes or transcripts of the meetings see:

Meeting 57 May 8, 2012 3:32 p.m. - 5:19 p.m. (EDT)

Meeting 56 May 3, 2012 3:31 p.m. - 5:18 p.m. (EDT)

Meeting 42 February 14, 2012 3:30 p.m. - 5:32 p.m. (EST)

Meeting 41 February 9, 2012 3:30 p.m. - 5:31 p.m. (EST)

Meeting 40 February 7, 2012 3:30 p.m. - 5:25 p.m. (EST)

Meeting 39 February 2, 2012 3:33 p.m. - 5:26 p.m. (EST)

Meeting 38 January 31, 2012 3:31 p.m. - 5:30 p.m. (EST)

Here are some Briefs dealing with Tax Incentives for Charitable Donations at the FINA site:

Here is the initial news release of the committee:



Tax Incentives for Charitable Donations

Ottawa, December 15, 2011 -

The House of Commons Standing Committee on Finance announced today that a study of charitable giving in Canada will be launched when Parliament returns in 2012.

“I am pleased that the Committee will be undertaking this important study,” said Mr. James Rajotte, chair of the Committee. “The Committee hears about charitable giving each year during its pre-budget consultations. This study is consistent with the unanimous support in the House of Commons for a March 2011 motion by Mr. Braid, the Member of Parliament for Kitchener-Waterloo, a related motion adopted by this Committee in the fall of 2011 and the recommendation for a study of charitable giving by the Committee in the 2011 budget.”

In particular, the study will examine, in respect of both individuals and corporations, current and proposed tax measures to encourage charitable giving. The examination will include the charitable tax credit amount and the possible extension of the capital gains exemption to donations of private company shares and real estate. The study will also focus on the feasibility and cost of changes to existing tax measures as well as the implementation of new tax incentives.

Those who wish to submit a brief to the Committee on the topic of tax incentives for charitable giving should do so no later than noon on Tuesday, January 17, 2012. Briefs should be no longer than five pages in length and may be published by the House of Commons on the Committee’s Web site.

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For more information, please contact:
Guyanne Desforges, Clerk of the Standing Committee on Finance
Tel:        613-992-9753    

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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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