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Article: Imagine calls for stock donations without capital gains tax.(NON-PROFIT SECTOR)
- Article from:
- Community Action
- Article date:
- January 23, 2006
CopyrightCOPYRIGHT 2006 Community Action Publishers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Toronto--Imagine Canada has asked all party leaders in the current federal election to back a controversial proposal to grant complete tax exemption on capital gains from on publicly traded securities that are donated to registered charities.
The proposal was immediately endorsed by Stephen Harper, leader of the Conservative Party. Other party leaders have not taken a stand on the issue. Harper estimated that the cost to the government would be approximately $50 million per annum.
This proposal has been before every finance minister since the late 1970s but no action has been taken.
In a letter to the four national party leaders, Imagine points ...