Finance committee  Thank you, Mr. Chair and committee members, for the opportunity to bring important considerations to your attention as you discuss the first budget implementation act. As you are all aware, the charitable and non-profit sector is a vital part of the very fabric of our communitie

Finance committee  It's important to note that we are predicting that there are going to be organizations in the sector that won't reopen. This funding that we're asking for is critical to recognize the unique differences in the revenue model. For many organizations, there's this difference between

Finance committee  That's for 2020 revenues.

Finance committee  In terms of how the figures were calculated, together with a private sector volunteer, our chief economist sat down and took a look at total revenues for the sector in previous years and then started to assign some assumptions based on the revenue lines that this sector sees. The

Finance committee  Yes.

Finance committee  I think it's important to acknowledge that with regard to the initial $10-billion stabilization fund ask, we subsequently removed $2.5 billion, which is the estimate we have for the contribution of the emergency wage subsidy program and some of the other targeted investments. The

Finance committee  First of all, I think it's important to note that the accountability in the charitable sector is actually quite high. First of all, we—

Finance committee  I think it's an important point to make, because I don't want there to be an inference that the charitable sector is not professionally or well managed. Whether it's reporting to government on an annual basis or having community volunteers on boards of directors, our standards of

Finance committee  Thank you, Mr. Chair and committee members, for the opportunity to testify during this unprecedented and trying time of crisis. As in most sectors, charities, non-profits and social enterprises have been seriously affected by the COVID-19 crisis. Organizations that have not been

Finance committee  Oh, there's a lot.

Finance committee  Actually, one point that I thought was interesting sort of connected a couple of the conversations. Our colleagues from the chamber mentioned the link that companies are having to corporate social responsibility. To your comments about labour market shortages, we put out a repor

Finance committee  Thank you, Mr. Chair. Let me start by congratulating all the members of this committee on their election or re-election, as the case may be, to the House of Commons, and you on your re-election as chair of the finance committee. I would like to introduce our organization to all

Finance committee  I will answer in English. I've taken a French course, but I'm not bilingual yet. The short answer is, yes, we are looking for support to be able to collect information, and our initial thoughts are in three areas: the economic contribution of the sector; the size and scope of th

Finance committee  You've paraphrased this wonderfully. The four heads of charity have come from 16th-century England in terms of the common law, and CRA takes its direction from the regulations set out in the Income Tax Act. For this modernization to occur—and I feel as though I'm going to waffl

Finance committee  Thank you, Chair, and thanks to the committee members for the opportunity to be here. I think everyone recognizes the impressive contributions that charitable and non-profit organizations make in Canadian communities and around the world. They provide services in response to rea