OTTAWA, Feb. 14, 2012 /CNW/ - Michael Van Pelt, president of the
Hamilton-based policy institute Cardus, today urged the House of
Commons Standing Committee on Finance to support a significant increase
in the charitable tax credit as a way of helping Canadians help each
Van Pelt said Cardus research proves that raising the charitable tax
credit to 42 per cent from the current 29 is the simplest and most
effective way to shore up Canada's voluntary sector.
"Cardus has done extensive research on the nature of generosity, on the
health of the civic core, and on the importance of institutions
mediating between government and the market," he told committee
members. "Increasing the charitable tax credit is the best idea of all
the other ideas on the table because it is simple, and shows support
for Canadians who give their money, time, and hearts out of love for
Van Pelt stressed the institute is not asking government to open wide
its wallet in a time of cutbacks.
On the contrary, he said, it only wants the government to meet the
forecast it made as far back as 2008 on what future charitable tax
expenditure would be.
"In 2005, government expenditure for the charitable tax credit was 2.26
billion. In 2011, government expenditure for the charitable tax credit
was less than 2.26 billion. The charitable tax credit expenditure for
2011 actually went down compared to 2005 because more Canadians were
giving less," he said.
He warned that unless something substantial is done to motivate
Canadians to give more generously, the country's 80,000 charities face
a bleak future. So will Canada, said Van Pelt, if Canadians lose the
sense of what it means to give.
"The deep social and cultural questions that really motivate our care
and our love for our neighbours must become the next great debate in
our country. If this does not happen, no tax incentive will help," Van
For further information:
Full Remarks: http://go.cardus.ca/finance
Media Contact: Michael Van Pelt, 905.528.8866 / email@example.com