Brief on COVID-19 to the Finance Committee
- May 20, 2020
- 1 min read
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
Related resources
For church resources on Covid-19, see TheEFC.ca/Covid-19.
