Mr. Speaker, I am pleased to have the opportunity to summarize and highlight the points that have been made by all parties involved in this important debate.
I want to begin by thanking all of my hon. colleagues from all parties in the House of Commons for participating in this important discussion. In particular, I want to thank my colleague from Elgin—Middlesex—London for his excellent speech this afternoon.
My Motion No. 559 asks the finance committee to study the many facets of charitable giving in Canada. As all of us know, Canada is known throughout the world as one of the best countries in which to live. Canadians have a strong sense of social responsibility, and we support through our taxes important programs, such as, universal health care, employment insurance and old age security.
This strong sense of social responsibility also motivates Canadians to give generously to the vital social service organizations and charities that meet the needs of the vulnerable in our society. These organizations help to make Canada the caring and compassionate society that defines us and that gives us a significant sense of pride.
I would like to take this opportunity to thank the charitable organizations in my riding of Kitchener--Waterloo for their remarkable work to improve the quality of life in our community. I am committed to strengthening my partnership with these organizations and ensuring that they, and in fact the entire charitable sector across our great country, have a voice here in Ottawa in this place.
This debate has helped to increase our awareness and understanding of the complex challenges faced by those in the charitable sector all across Canada and will inspire us to find ways to further support them.
During the debate I was pleased to hear the widespread agreement on the value that charitable organizations bring to all aspects of our communities. We all agree that the charitable sector is to be commended for its dedication and commitment to making a difference in the lives of others. We agree that the sector needs the support of government and individual donors.
I think we can also agree that the tax system has a role to play in providing an incentive for Canadians to give as much as they are able to the charities of their choice.
Through a comprehensive study by the finance committee, we may be able to bring forward recommendations that will encourage increased charitable giving, benefiting both the charitable organizations themselves and of course the donors who support them.
My motion suggests that the committee look at specific areas of reform, changes to the charitable tax credit for example, and the removal of capital gains tax on donations of privately held securities and donations of real estate. Both of these measures would make a difference in the level of charitable giving. However, it would be up to the finance committee to assess their feasibility and determine whether these changes, or perhaps any other changes, should be made.
In conclusion, I ask all members to support my Motion No. 559. It is incumbent upon all of us as members of Parliament to study this issue that could have a profound impact on the charitable organizations that make such a significant contribution to all communities across Canada.
I would also like to encourage all of my colleagues in the House to become fully engaged in this important dialogue. Let us show the people of Canada that we are united in our goal to champion charities across our country and to work with them to build a better society.