Ottawa Should Seize Opportunity to Reform Tax Rules for Charitable Donations

While controversy swirls around the federal government’s small business tax reform proposals, Ottawa has a significant opportunity to open a rich vein of wealth for Canada’s charitable sector and simultaneously increase tax planning options for owners of private company shares and real estate, according to a report by the C.D. Howe Institute.  In “No Need to Reinvent the Wheel:  Promoting Donations of Private Company Shares and Real Estate,” author Adam Aptowitzer recommends Ottawa extend favourable tax treatment to the donation of private company shares and real estate.