Finance committee  We've talked about the young people tonight, but we haven't even touched on the elderly. What is the percentage of elderly that have put willed gifts in? It's very small. Those are acculturation and leave-a-legacy programs, which the charity sector is trying to do. Think of the t

Finance committee  This particular exercise you're doing now is very important. We've done it in fits and starts. We haven't had a comprehensive look. It's been a little bit of this and a little bit of that over years and years and years. We participated in these things many years ago. This is more

Finance committee  It's hurt charitable giving, because it really had an effect on charitable donations. It wasn't that large. It wasn't all over the place. I think it affected mining more. It was where certain mining occurred, because these things continued to occur. And in other places where it o

Finance committee  I can try. One year ago we changed the taxation of flow-through shares when they're donated to a charity as marketable securities. We eliminated the capital gains exemption, and the reasoning for it was it was too rich. I understand that. At the end of the day, it's this questi

Finance committee  To answer the question about the cost of capital gains exemption, the numbers you're showing are not regular. If you're a 44% Ontario taxpayer and you donate marketable securities to a charity, the odds are it's not going to cost the government 69¢ for that gift. If your cost b

Finance committee  Just when you're asking about a potpourri of ideas, I saw in one of the papers that someone put in a proposal that you allow 1% of total revenue for foreign donations. Foreign donations are very difficult today. There used to be a time, going back historically in Canada, that y

Finance committee  Look, for Canada's future, I think it has to be the credit system. I like it. We're going backwards in terms of donors, so we have to do something. But they are two different gifts. We talked before about replacing things. There are income gifts and there are capital gifts. Whe

Finance committee  That's an income gift. If you're looking at capital, removing people's capital balance sheet gift—

Finance committee  I said credit.

Finance committee  The Canadian Association of Gift Planners is an association of individuals who either work for charities or are allied professionals. They could work for insurance firms, brokerage houses, trying to look at planned giving as a way of...or stimulating planned giving in Canada.

Finance committee  There are over a thousand members.

Finance committee  When you talk about fraud evaluations, if you saw where they've come from.... In a sense, it's been from tax shelters. It never made sense; the values weren't there. You were valuing air. Here you're not talking about air; you're talking about cash coming in at the end of the da

Finance committee  Right. So you get a valuation, which can be difficult, but we're talking about a capital gain exemption based on cash. If you're going to give that capital gain exemption—they don't have to give it, you're not entitled to it automatically—you have five years to cash that asset, a

Finance committee  We've tried in our organization and in our sister organizations to bring young people together, to provide them with the tools to actually give. We provide them with some dollars. They have to contribute some and we provide some. We give them an opportunity to make donations and

Finance committee  Well, it's a long—