Upcoming Federal Budget to increase Charitable Tax Credit from 29% to 42%

ELMIRA, ON, Jan. 18 /CNW/ - The Canadian Council of Christian Charities (CCCC) endorses the proposal to raise the charitable tax credit from 29% to 42% as the one proposal most likely to increase charitable giving in Canada.

Not only will the higher tax credit encourage those who have never given before to give now, it also benefits current donors who have proven to be Canada's most charitable givers by allowing them to give even more to charity.

Research shows that religiously active people give more and volunteer more than any other group in Canada. People who attend a place of worship weekly give more than four times more to charity than the average Canadian. Not only do they fund faith-based charities, but they also provide 42% of all donations made to non-religious charities.

CCCC believes that the increased charitable tax credit, combined with the reinforcement for generous giving that religiously-active people regularly receive, will result in significant increased funding for the charitable sector as a whole.

CCCC calls on Prime Minister Steven Harper and Minister of Finance Jim Flaherty to commit to this act of social justice in the upcoming budget.

The CCCC is the largest association of charities in Canada, with over 3,000 member charities who collectively receive 22% of all donations made in Canada.

SOURCE CANADIAN COUNCIL OF CHRISTIAN CHARITIES

For further information: For further information: John Pellowe, CEO, P: (519) 669-5137, E: john.pellowe@cccc.org

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CANADIAN COUNCIL OF CHRISTIAN CHARITIES

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