In this submission to the parliamentary Finance Committee studying the government’s response to the Covid-19 pandemic, the EFC recommends (download PDF):
- additional flexibility in the Canada Emergency Wage subsidy, to allow charitable organizations to use a six or twelve-month period to calculate the decrease in their revenue
- exploring matching funds for charitable donations to a particular amount or for a certain period of time, excluding donations for capital projects.
- increased tax incentives for charitable giving, such as an increase in the charitable tax credit or removing the capital gains tax on donations of real estate or private company shares
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