Budget 2007: Legal implications for charities
Audio interview with Adam Aptowitzer and Nicole Zummach
April 2, 2007
The federal Conservatives presented their 2007 budget on March 19th and there was some good news for charities, namely the elimination of capital gains tax on the donation of publicly-listed securities to private foundations. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains what this will mean for charities, plus highlights some of the other budget announcements that affect Canada's nonprofit sector.
External Resources:
Department of Finance Canada - Budget 2007
CharityTax.com - Adam Aptowitzer's Online Office
Drache Charity Insights Newsletter