Mr. Speaker, I want to thank my colleague from Sherbrooke for that question and the opportunity to further clarify what this bill would do and how it is somewhat different from political donations to a party or individual.
When a Canadian makes a political donation, there is a cap placed on that donation, and I think it is for good reason. We cap political donations so that special interests do not get promoted more than they should and so that individuals in Canada do not have more influence over a party or an individual than they should.
There is also a cap on charitable donations. That cap is 75% of net income, which is something that this bill does not adjust. It leaves that cap at that particular threshold.
There are some other differences between political donations and charitable donations. Probably the most significant difference is that a political donation will still be a refundable tax credit and a charitable donation is non-refundable. That means that when people make a political donation, they get that 75% tax credit whether or not they are paying taxes, but when they make a charitable donation, they would only receive that tax credit in the event that they were paying taxes.