CNW Telbec: "Fundraisers Urge Inclusion of Giving Incentives in Throne Speech, First Budget
OTTAWA, Ontario, Feb. 23 /CNW/ -- The Association of Fundraising Professionals (AFP), the largest community of fundraisers in Canada and around the world, today urged Prime Minister Stephen Harper to move quickly to eliminate the capital gains tax on gifts of appreciated securities to charity.
The proposal, which was a part of the Conservative Party's campaign platform before the election, would remove a key obstacle that has prevented many donors from giving significant gifts to charitable organizations. Independent research sponsored by AFP and others, and prepared by accounting firm Deloitte & Touche and financial services firm TD Economics, has shown that eliminating the capital gains tax on such gifts would dramatically increase giving by hundreds of millions of dollars.
In a letter to the prime minister, AFP noted that since the Conservative Party championed this proposal and subsequently won the election, it is quite likely that 'donors will delay their major contributions until this change becomes law, a situation that would be highly detrimental to Canada's voluntary sector.'
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