AFP Applauds Call for Tax Reductions for Canadian Nonprofits

AFP Applauds Call for Tax Reductions for Canadian Nonprofits: "AFP Applauds Call for Tax Reductions for Canadian Nonprofits
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19 January 2006, 6:05pm ET


OTTAWA, Canada, Jan. 19 /CNW/ -- In the past few days, both the Conservative and Liberal parties announced that they would bolster charitable giving by eliminating capital gains taxes on certain gifts to charities. The Association of Fundraising Professionals (AFP) applauds this move that would remove a longstanding roadblock that has hindered Canadians from giving to the voluntary sector.
The Conservative party proposed eliminating the capital gains tax on listed stock donated to charities. The Liberal party measure would eliminate the capital gains tax on ecologically sensitive land and on gifts of publicly traded shares to public charities."