Finance committee  It's for anybody who increases their gift over the previous year.

Finance committee  I'm not an economist, but our chief economist's model looked at a range of scenarios concerning economic growth, income growth, people's responsiveness to tax credits, and the presence or absence of the stretch. We're conservatively estimating $234 million in additional gifts to

Finance committee  I suppose theoretically that's the case. There are lots of Canadians who are new entrants into the marketplace. There are lots of Canadians for whom it will take time to get to a place where they will stretch their giving. We see this as a long-term program to help charities. I t

Finance committee  The bottom line is we'd like to have the ability for charities to realize more of the dollars that are donated when the transaction goes through a credit card. They're paying merchant fees, and if there's an opportunity to mirror what's happening in other jurisdictions where we'r

Finance committee  With numbers, yes. I'm fairly new to Imagine. I was with an organization on the ground. We were promoting it. We were hearing good things from our local organizations in the field and there was a good awareness, so they're targeting young donors to be able to come into the sector

Finance committee  Yes. We estimate about a $234-million incentive and then another $170 million in that natural growth that's taking place. Overall, using the same formula that the finance department did on the super credit, it would be about $40 million a year.

Finance committee  No. I think that's just as per the stretch. I'd have to check on that and get back to you.

Finance committee  Certainly the individuals we talked to are interested. Understand that one of the great things about the stretch tax credit is that it affects every community in the country, because there are charitable groups and organizations everywhere. Also, there's no barrier in terms of we

Finance committee  As we look at the evolving nature of charities in this country and how they are going to earn or raise money, it's important that many of those might actually come from earned income streams. Charities will need access to some of the supports that small business in this country h

Finance committee  I'm not sure consensus is the word I would use. There's strong, strong support, absolutely. It has really been interesting to see the range of charities that are stepping up to support this and contacting their members of Parliament, I would say, across subsectors and across geog

Finance committee  Over the last number of years we have had some conversations with the credit card companies. I think it's one of those areas where obviously it's kind of a new approach, and what we're seeing around the globe is other jurisdictions starting to see some changes in this area that a

Finance committee  We certainly think so. Thinking of the example we gave, ultimately, when a charity receives a contribution of $100 through a credit card, they're expected to receipt for that $100, but they're getting $95. I think the issue here is how we can direct more of those dollars directly

Finance committee  Thank you, Mr. Chair. My thanks to the committee for inviting me to testify before you today. As you know, Imagine Canada is the national umbrella organization for the charitable sector in Canada. As committee members, you are well aware of the contributions made by charitable