Brief on COVID-19 to the Finance Committee

12 May 2020

In this submission to the parliamentary Finance Committee studying the government’s response to the Covid-19 pandemic, the EFC recommends (download PDF):

  • additional flexibility in the Canada Emergency Wage subsidy, to allow charitable organizations to use a six or twelve-month period to calculate the decrease in their revenue 
  • exploring matching funds for charitable donations to a particular amount or for a certain period of time, excluding donations for capital projects.
  • increased tax incentives for charitable giving, such as an increase in the charitable tax credit or removing the capital gains tax on donations of real estate or private company shares