The Office of the Parliamentary Budget Officer has released a very interesting report entitled “Cost Estimates of Proposed Tax Measures to Encourage Charitable Donations of Assets”. It was written by Stephen Tapp. It looks at the effect of increasing certain tax incentives of donations of private shares, real estate and ecologically sensitive land. There are lots of interesting nuggets in the study that go far beyond just the issue of tax incentives for these measures.
Here are my comments on the study Cost Estimates of Proposed Tax Measures to Encourage Charitable Donations of Assets
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Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.