Policy & Regulation

Written Submission for the Pre-Budget Consultation in Advance of the Upcoming Federal Budget 2025

SUMMARY 

Recommendation 1 – Encourage more foundation capital for economic and social good by underwriting investments in projects that meet both foundation and government economic and social impact goals.  

Recommendation 2 – Make a technical amendment to the Income Tax Act to ensure charities can pool funds to grant to Non-Qualified Donees. 

Recommendation 3 – Designate the Tax Court of Canada as the primary appeals reviewer of CRA decisions. 

Recommendation 4 – Initiate the process for a disbursement quota review in 2027 as promised in Budget 2022.