Finance committee  Yes.

Finance committee  The increase to 42% is a substantive increase; there is no mathematical basis for it. There is a parallel with the provincial increase in Alberta. There was a substantive increase there, roughly the same amount, which had a significant increase in giving, statistically. There's

Finance committee  I don't have the figures precisely for our own members. I understand it's been estimated by the Department of Finance that this would cost approximately $900 million. If, as Cardus will propose, this was implemented only for donations over $450, the cost would be reduced to und

Finance committee  Putting a cap on some of our proposals is certainly a way to manage costs. As we all are trying to increase resources available for charities, we have slightly different ideas. The stretch tax credit provides the 10% additional credit only on the increments, whereas ours would be

Finance committee  This proposal also reduces the gap between the benefit realized on securities and on other donations. It may encourage people to donate listed securities that have fallen in value, because they would receive the enhanced 42% charitable tax credit on the cost base. All of these

Finance committee  Thank you, Mr. Chairperson. Honourable members and guests, good afternoon. My name is Teresa Douma. I'm senior director of legal affairs for the Canadian Council of Christian Charities, also known as the four Cs. We are a member-based association of over 3,100 faith-based charit