Policy & Regulation Submissions Written Submission for the Pre-Budget Consultations in Advance of the Upcoming Federal Budget 2025 Published: August 2, 2024 Download Documents Policy & Regulation Written Submission for the Pre-Budget Consultations in Advance of the Upcoming Federal Budget 2025 SUMMARY Recommendation 1 – Develop an evidence-based regulatory framework: follow-through on the Government’s Budget 2022 commitment and plan for a review of the disbursement quota rate by 2027, and commit to a regular review. RECOMMENDATION 2 – Create a level playing field between charities and non-profits providing public benefit: attend to serious lingering challenges of the Qualifying Disbursement Regime by making a technical amendment to the Income Tax Act to ensure charities can pool funds and grant to NQDs, and help interested charities facilitate changes to their charitable purposes so they can grant to NQDs. Recommendation 3 – Incentivise impact investment: issue guidance for charities on making Program Related Investments. Recommendation 4 – Fix the data deficit: share annual data analysis about our sector through the T3010, task Statistics Canada to carry out the nonprofit module of the Canadian Survey of Business Conditions every year, and establish a permanent unit at Statistics Canada focused on the non-profit and charitable sector. Recommendation 5 – Continue and strengthen the critical partnership between the Federal Government and the non-profit and charitable sector.