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AFP Offers Tax Incentive Recommendations to Finance Committee

jason lee(Mar. 12, 2012) The House of Commons Standing Committee on Finance began holding hearings on tax incentives for charitable donations early this year. Prior to the hearings, AFP submitted the following recommendations to the committee: 

  • Increase the flow of charitable funds in the wake of the recession and encourage Canadians to enhance their charitable giving by establishing a “stretch” charitable tax credit.
  • Extend the exemption from capital gains tax to charitable gifts of private company shares and land and real estate. 

In our submission, we also urged the committee to consider the potential impacts on charities and charitable giving if the committee chose to contemplate accountability and transparency measures in addition to the tax incentives issues. We recommended that the committee seek charitable sector input to ensure that the sector can lend its own expertise and experience to the process.

With the assistance of Sussex Strategy, AFP was scheduled to appear on Feb. 16, 2012, and Andrea McManus, Chair of the AFP Board, was slated to testify.  However, those hearings have been postponed until late March or early April.

Some initial hearings were held, and Imagine Canada testified before the committee in early February in support of the stretch credit.  No accountability or transparency issues were raised by the committee at that time. 

AFP drafted a number of fundraising cost questions and answers for AFP and Imagine Canada to use in case the issue comes up during future hearings.

AFP looks forward to testifying before the committee and will keep its members apprised of any developments.

Jason Lee is general counsel for the Association of Fundraising Professionals (AFP).  In this position, Mr. Lee strives to increase the public visibility and awareness of the association by developing political initiatives regarding fundraising and philanthropic issues.  He represents the association in public policy and legislative matters before Congress, the Canadian Parliament, the U.S. and Canadian Administrations, state and provincial legislatures, and various regulatory and other pertinent agencies.  He can be reached at or 1-800-666-3863.

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