GOVERNMENT RELATIONS...
December
13, 2004 -
Notice to CAGP-ACPDP™
Members
This is a reminder to
all registered charities that some new legislation regarding charitable
receipts may come into effect in 2005. This new legislation indicates
that all charitable receipts must include the name and current internet
address of the Canada Revenue Agency on the receipt:
www.cra-arc.gc.ca No exact date for the enforcement of this
legislation has been announced but it is recommended that charities
consider this change with their next print order for charitable receipts
– because it is only a matter of time before this takes effect. In the
meantime, a rubber stamp will suffice if new receipts cannot be used.
For more information,
please visit page 120 at
http://www.fin.gc.ca/drleg/ITA_08-04e.pdf
We would like to
acknowledge Arthur Drache for this recent update. In his last
Canadian Taxpayer,
he mentions this very issue and points out that the date proposed is
often used in court, not the date passed.
This information cannot
be found currently on the CRA website because the legislation has not
passed.
http://www.cra-arc.gc.ca/tax/charities/whatsnew/whatsnew-e.html
Diane
MacDonald
Executive
Director
Canadian
Association of Gift Planners
diane@cagp-acpdp.org
PH:
613-232-7991 / 1-888-430-9494 ext. 223
FAX
613-232-7286
December 1, 2004 -
The
CAGP-ACPDP™ was joined by four other nonprofit and voluntary sector
organizations on Parliament Hill, to make pre-budget submissions to the
Standing Senate Committee on Banking,
Trade and Commerce. As part of the process, CAGP-ACPDP™ chose
to speak on four recurring themes:
1. to
move forward with changes to the Income Tax Act to clarify the law in
regards to Charitable Remainder Trusts,
2. 50%
capital gains inclusion rate for gifts of publicly-listed securities
extend to private foundations,
3. eliminate
capital gains on gifts of publicly-listed securities,
and
4. extend the ˝ capital
gains inclusion rate incentive to gifts of appreciated publicly-listed
securities to gifts of real estate for both public charities and private
foundations.
On this
day, the CAGP*ACPDP was joined by the following major players in the
charitable sector: Canadian Centre for Philanthropy, Association of
Fundraising Professionals, Don Johnson, and the Council for Business and
the Arts in Canada. CAGP-ACPDP™ also collaborated with the Philanthropic
Foundations of Canada, Community Foundations of Canada, and Health
Charities Coalition of Canada.
For the
text of CAGP's pre-budget submission to the Standing Senate Committee on
Banking, Trade and Commerce, go to:
http://www.cagp-acpdp.org
under Members Only Section
– Resources
– Government Relations Articles.
Or click on “What’s New” on the home page.
November 2, 2004 -
The CAGP-ACPDP™ was joined by six other nonprofit and voluntary sector
organizations on Parliament Hill, to make pre-budget submissions to the
Standing Committee on Finance. As part of the process, CAGP-ACPDP™ chose
to speak on three recurring themes: Charitable Remainder Trusts, 50%
capital gains inclusion rate for gifts of publicly-listed securities
extend to private foundations, and draft legislation for charity
disbursement rules.
In addition, CAGP*ACPDP
provided support for the complete elimination of capital gains on gifts
of publicly-listed securities and a similar proposal for gifts of real
estate, as well as Federal recognition of National Philanthropy Day on
November 15. CAGP*ACPDP's presentation to the Committee was made in
collaboration with the following major players in the charitable sector:
Canadian Centre for Philanthropy, Voluntary Sector Forum, Association of
Fundraising Professionals, Philanthropic Foundations of Canada, Community
Foundations of Canada, and Health Charities Coalition of Canada.
