Finance Minister Chrystia Freeland tabled a budget today at 4:00 PM. Here is our article 2022 Canadian Federal Budget and its impact on the Canadian charitable sector.
The budget dealt with many big issues surrounding Canada’s COVID-19 recovery and housing, etc. It also touched on many different issues that affect charities. We will focus on some of the matters, particularly affecting charities and their regulation, but there is a lot in the 304 pages.
The two largest changes to the regulation of charities are first some changes to the disbursement quota and secondly changes to the rules relating to how Canadian charities can deal with non-qualified donees including non-profits that are not charities and foreign charities. There were some limited additional measures relating to transparency which is nice to see as the issue has been ignored for a couple of decades. Many other proposals from the Senate and the ACCS have been ignored by the Liberal government – although some of the proposals would probably cause more harm than good.