{"id":25022,"date":"2017-03-22T17:34:29","date_gmt":"2017-03-22T21:34:29","guid":{"rendered":"https:\/\/www.cccc.org\/news_blogs\/?p=25022"},"modified":"2017-03-22T17:34:29","modified_gmt":"2017-03-22T21:34:29","slug":"charity-highlights-of-budget-2017","status":"publish","type":"post","link":"https:\/\/www.cccc.org\/news_blogs\/legal\/2017\/03\/charity-highlights-of-budget-2017\/","title":{"rendered":"Charity Highlights of Budget 2017"},"content":{"rendered":"<p><em>Authored By Philip A.S. Milley Associate Director, Legal Affairs<\/em><\/p>\n<p>Today the Hon. Bill Morneau tabled\u00a0<a href=\"http:\/\/www.budget.gc.ca\/2017\/docs\/plan\/budget-2017-en.pdf\">Budget 2017<\/a>\u00a0(the &#8220;Budget&#8221;). Like Budget 2016, which\u00a0<a href=\"https:\/\/www.cccc.org\/news_blogs\/noteworthy\/2016\/03\/22\/charity-highlights-of-budget-2016\/\">we previously<\/a>\u00a0reviewed, Budget 2017\u00a0contains only two minor references to charities. Both references appear at pages 207 &#8211; 208 and relate to removing minor tax incentives\u00a0for certain charitable donations.<\/p>\n<p>The first reference relates to the removal of additional tax incentives to Canadian corporations (i.e., pharmaceutical companies) that donate medicine to eligible registered charities. The Budget cites high compliance costs and low take-up as the rationale for repealing this incentive. Consequently, corporations that donate medicine to charities will be limited to receiving tax incentives on the fair market value of the medicine donated.<\/p>\n<p>The second reference pertains to the First-Time Donor&#8217;s Super Credit which was scheduled to expire in 2017. The Budget confirms that the\u00a02017 tax year will be the last year in which the First-Time Donor&#8217;s Super Credit may be claimed. The Budget also cites\u00a0low take-up and small average donation amounts as the rationale for not extending this incentive.<\/p>\n<p>The full budget can be accessed\u00a0<a href=\"http:\/\/www.budget.gc.ca\/2017\/docs\/plan\/budget-2017-en.pdf\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Authored By Philip A.S. Milley Associate Director, Legal Affairs Today the Hon. Bill Morneau tabled\u00a0Budget 2017\u00a0(the &#8220;Budget&#8221;). Like Budget 2016, which\u00a0we previously\u00a0reviewed, Budget 2017\u00a0contains only two minor references to charities. Both references appear at pages 207 &#8211; 208 and relate to removing minor tax incentives\u00a0for certain charitable donations. The first&#8230; <a href=\"https:\/\/www.cccc.org\/news_blogs\/legal\/2017\/03\/charity-highlights-of-budget-2017\/\" 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":"","footnotes":""},"categories":[137],"tags":[],"series":[],"class_list":["post-25022","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/posts\/25022","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=25022"}],"version-history":[{"count":0,"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/posts\/25022\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/media?parent=25022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/categories?post=25022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/tags?post=25022"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/www.cccc.org\/news_blogs\/wp-json\/wp\/v2\/series?post=25022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}