CCVO responds to 2007 federal budget
CALGARY, March 20 /CNW/ - The new 2007 federal budget has extended
measures to encourage greater philanthropy in support of the work of the
charitable sector. "Changes to the Income Tax Act will help support community
philanthropy by eliminating capital gains tax on the donation of
publicly-listed securities to private foundations. We applaud this measure as
a way of increasing financial support for community services." says Katherine
van Kooy, president and CEO of the Calgary Chamber of Voluntary Organizations
"The government has also recognized the importance of reducing the
administrative and tax compliance burden on small business. We hope to see the
same kind of responsiveness on the part of the government in reducing the
administrative burden on community nonprofits and charities by implementing
the recommendations of the Blue Ribbon Panel."
CCVO also notes that a number of initiatives, such as the Registered
Disability Savings Plan (RDSP) for families with severely disabled family
members, and the Working Income Tax Benefit (WITB), to help reduce poverty,
were introduced in the budget. Although these initiatives will provide more
financial resources for individual families, it is important that the
government also ensures that the programs and services required by these
families will be supported and available in their communities.
CCVO will continue to provide comment as the impact of the budget is
The Calgary Chamber of Voluntary Organizations (CCVO) is a local charity
that works to strengthen Calgary's nonprofits and charities and provides
leadership on policy matters affecting the sector as a whole. CCVO has over
324 members, most of which are community-based charities and nonprofits
running programs and services in Calgary.
For more information about the Calgary Chamber of Voluntary
Organizations, visit www.calgarycvo.org.
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For further information: about this release or to arrange an interview,
please contact: Janet Lavoie, Phone: (403) 261-6655 ext 223, Email: