Finance committee  I agree.

Finance committee  The way the Department of Finance looks at the tax revenue cost of this proposal is to combine the cost of the charitable donation tax credit and the foregone capital gains tax. It adds the two together. So for $100 million in donations, whether they be cash, stock, or, under our

Finance committee  The donor could arrange for the purchase of the asset, but if it's not at arm's length, the charity has to obtain two independent appraisals to make sure that the value received for the sale of the property to the other party was fair market value. That addresses the concern abou

Finance committee  My understanding is that if it's defined as ecologically sensitive land, it is exempt; it goes to a nature conservatory. However, if it's just regular property that you're giving to a charity, no, you're not exempt.

Finance committee  Well, what we're proposing is that the charity issue a tax receipt to the donor only after it receives the cash. Now, in the case where the purchaser of the asset is not at arm's length from the donor, there is potential for valuation abuse. We propose, to address that concern,

Finance committee  I serve as a volunteer board member on the Toronto General & Western Hospital Foundation, and I'm well aware of this private member's bill. The concept of putting a cap on the compensation of executives in hospitals in particular, universities, or any non-profit organization

Finance committee  Rest assured I will.

Finance committee  Well, both private company shares and real estate gifts are exempt in the United States from capital gains taxes. The United States has a process where the charity issues a tax receipt to the donor after a couple of appraisals have been done on the valuation. What we're proposi

Finance committee  Good morning, Mr. Chairman and distinguished committee members. Thank you for giving me an opportunity to appear before your committee this morning. My name is Donald K. Johnson, and I'm appearing today in my role as a volunteer board member of five not-for-profit organizations

Finance committee  Thank you. I think the rebound in the stock market is certainly a plus factor from the charitable donation perspective, but the drop in the stock market has had two major impacts. One is that the number and size of donations of stock have dropped substantially. They should recov

Finance committee  Actually, in Canada, because the sale of principal residences is exempt from capital gains taxes, this measure would not be relevant to principal residences. It would be for a vacation property; it would be for any commercial property.

Finance committee  Yes, right. It could be rental residential, commercial, or industrial property. It's basically taxable real estate that's relevant too.

Finance committee  Basically, the federal tax revenue cost outlined here represents only the cost to the federal government. In addition to that, you'd have to increase that amount by about 50%. Roughly one-third is the provincial government and two-thirds is the federal government. Since this was

Finance committee  First of all, I'd like to thank the House finance committee for providing me with the opportunity to present our proposals for a tax-effective stimulus for Canada's not-for-profit sector. The government's fiscal stimulus plan has provided crucial funding for Canada's economy du