{"id":21738,"date":"2016-03-22T17:01:25","date_gmt":"2016-03-22T21:01:25","guid":{"rendered":"https:\/\/www.cccc.org\/news_blogs\/?p=21738"},"modified":"2016-03-22T17:01:25","modified_gmt":"2016-03-22T21:01:25","slug":"charity-highlights-of-budget-2016","status":"publish","type":"post","link":"https:\/\/www.cccc.org\/news_blogs\/legal\/2016\/03\/22\/charity-highlights-of-budget-2016\/","title":{"rendered":"Charity Highlights of Budget 2016"},"content":{"rendered":"<p>The 2016 Federal Budget tabled in the House of Commons by the Hon. Bill Morneau has two references to charities.<\/p>\n<p>The first deals with the donations of real estate and shares of private corporations.\u00a0 The 2015 Budget proposed to provide, beginning in 2017, an income tax exemption for capital gains on certain dispositions of private corporation shares or real estate, where cash proceeds from the disposition are donated to a registered charity or other qualified donee within 30 days.\u00a0 The new government has decided not to proceed with this measure. \u00a0Along with other groups, the Canadian Council of Christian Charities (CCCC) had advocated for the tax exemption.\u00a0 The removal of this tax exemption is unfortunate.<\/p>\n<p>The second reference pertains to rules governing charities and their political activities.\u00a0 The 2016 Budget announces that the Canada Revenue Agency, in consultation with the Department of Finance, will engage with charities\u00a0through discussions with stakeholder groups and an online consultation to clarify the rules governing the political activities of charities. \u00a0CCCC has recognized for some time the troublesome burden that the tracking of political activities of charities has caused its members.\u00a0 We hope that the\u00a0rules ultimately developed will help, and not hinder,\u00a0the work of charities in carrying out their mission.<\/p>\n<p>The full Budget can be found <a href=\"http:\/\/www.budget.gc.ca\/2016\/docs\/plan\/budget2016-en.pdf\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2016 Federal Budget tabled in the House of Commons by the Hon. Bill Morneau has two references to charities. The first deals with the donations of real estate and shares of private corporations.\u00a0 The 2015 Budget proposed to provide, beginning in 2017, an income tax exemption for capital gains&#8230; <a href=\"https:\/\/www.cccc.org\/news_blogs\/legal\/2016\/03\/22\/charity-highlights-of-budget-2016\/\" class=\"linkbutton\">More<\/a><\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ts_fic_featured_image_caption":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[159],"tags":[],"series":[],"class_list":["post-21738","post","type-post","status-publish","format-standard","hentry","category-charity-law-and-policy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Charity Highlights of Budget 2016 - CCCC Blogs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cccc.org\/news_blogs\/legal\/2016\/03\/22\/charity-highlights-of-budget-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charity Highlights of Budget 2016 - CCCC Blogs\" \/>\n<meta property=\"og:description\" content=\"The 2016 Federal Budget tabled in the House of Commons by the Hon. 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Every organization\u2019s circumstances are unique. Before acting on the basis of information contained in this blog, readers should consult with a qualified lawyer for advice specific to their situation.","sameAs":["https:\/\/www.cccc.org","simone.waller@cccc.org"],"url":"https:\/\/www.cccc.org\/news_blogs\/author\/legal\/"}]}},"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":19405,"url":"https:\/\/www.cccc.org\/news_blogs\/legal\/2015\/09\/09\/implementation-of-budget-2015-an-update\/","url_meta":{"origin":21738,"position":0},"title":"Implementation of Budget 2015 &#8211; An Update","author":"Deina Warren","date":"September 9, 2015","format":false,"excerpt":"Authored by Nevena Urosevic, Associate Director of Legal Affairs Noteworthy\u2019s blog post titled Charity Highlights of Budget 2015 outlined and explained the three proposed changes to charity law found in Budget 2015. They are: Capital gains tax exemptions for donations of proceeds from the sale of private shares and real\u2026","rel":"","context":"In &quot;Charity law and policy&quot;","block_context":{"text":"Charity law and policy","link":"https:\/\/www.cccc.org\/news_blogs\/category\/charity-law-and-policy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18563,"url":"https:\/\/www.cccc.org\/news_blogs\/legal\/2015\/04\/21\/charity-highlights-of-budget-2015\/","url_meta":{"origin":21738,"position":1},"title":"Charity Highlights of Budget 2015","author":"Deina Warren","date":"April 21, 2015","format":false,"excerpt":"There are three items affecting charities in the 2015 Federal Budget tabled in the House of Commons by the Hon. Joe Oliver, the Minister of Finance, on April 21, 2015: donations of private corporation shares and real estate; investments by registered charities in limited partnerships; and gifts to foreign charitable\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14660,"url":"https:\/\/www.cccc.org\/news_blogs\/cccc\/2011\/03\/22\/federal-budget-2011\/","url_meta":{"origin":21738,"position":2},"title":"Federal Budget 2011","author":"CCCC","date":"March 22, 2011","format":false,"excerpt":"There is considerable question as to whether Federal Budget 2011 will receive the support of Parliament.\u00a0 However, CCCC is providing information about measures affecting charities on the possibility the budget may pass and because some of these provisions may return in future budgets. \u00a0 Generally Significant provisions within the Budget\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14665,"url":"https:\/\/www.cccc.org\/news_blogs\/cccc\/2011\/06\/05\/federal-budget-issued-june-6-2011\/","url_meta":{"origin":21738,"position":3},"title":"Federal Budget Issued June 6, 2011","author":"CCCC","date":"June 5, 2011","format":false,"excerpt":"All of the federal budget measures for charities previously announced on March 22, 2011, returned today in Budget 2011. The provisions are retroactive to March 22, 2011. This news release will recap those announcements and make recommendations for charities. The only new information for charities is that Parliament will ask\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16697,"url":"https:\/\/www.cccc.org\/news_blogs\/legal\/2014\/02\/11\/canadas-2014-budget-important-developments-for-charities\/","url_meta":{"origin":21738,"position":4},"title":"Canada&#8217;s 2014 Budget: Important Developments for Charities","author":"Deina Warren","date":"February 11, 2014","format":false,"excerpt":"On February 11, 2014, the Minister of Finance presented Economic Action Plan 2014, the federal government\u2019s 2014 Budget. As expected, the 2014 Budget introduced a number of new measures that will impact charities. The key proposals that are particularly relevant to charities are discussed and analyzed below. 1.\u00a0\u00a0 New Provisions\u2026","rel":"","context":"In &quot;Charity law and policy&quot;","block_context":{"text":"Charity law and policy","link":"https:\/\/www.cccc.org\/news_blogs\/category\/charity-law-and-policy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30600,"url":"https:\/\/www.cccc.org\/news_blogs\/legal\/2021\/01\/11\/bill-c-256-donating-proceeds-from-sale-of-real-estate-or-private-shares\/","url_meta":{"origin":21738,"position":5},"title":"Bill C-256: Donating Proceeds from Sale of Real Estate or Private Shares","author":"Deina Warren","date":"January 11, 2021","format":false,"excerpt":"Bill C-256 proposes to provide capital gain exemptions for the sale of real estate or private corporate shares when the proceeds are donated to charity. Introduced to Parliament in late 2020, the private member\u2019s bill would amend the Income Tax Act to reduce capital gains tax to zero if listed\u2026","rel":"","context":"In &quot;Income Tax Act&quot;","block_context":{"text":"Income Tax Act","link":"https:\/\/www.cccc.org\/news_blogs\/category\/income-tax-act\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.cccc.org\/news_blogs\/wp-content\/uploads\/2021\/01\/2.png?fit=600%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.cccc.org\/news_blogs\/wp-content\/uploads\/2021\/01\/2.png?fit=600%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.cccc.org\/news_blogs\/wp-content\/uploads\/2021\/01\/2.png?fit=600%2C600&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p30X8p-5EC","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/posts\/21738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/comments?post=21738"}],"version-history":[{"count":0,"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/posts\/21738\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/media?parent=21738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/categories?post=21738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/tags?post=21738"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/series?post=21738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}