Mr. Speaker, earlier this week a North York investor, Mr. Seymour Schulich, donated $15 million to York University's school of business. His gift will pay for a series of undergraduate and graduate scholarships and up to five endowed chairs to study specific areas of business.
He said he believes every affluent Canadian has an obligation to give something back to the country.
He also suggested the federal government encourage more private donations by providing the same kind of tax breaks offered to American philanthropists, who get tax breaks four times larger than Canadians.
I take this opportunity to commend Mr. Schulich for his generosity and to suggest the government consider his advice very carefully.
Hospitals, schools, libraries and other public institutions can use all the donations they can get.