Charities unite against Alternative Minimum Tax changes — but at what long-term cost?

Author Gabe Oatley
“The short-term issue is how to protect the charitable sector. The long-term issue is how to protect the philanthropic sector’s reputation.”

Why It Matters

Trust in charities is declining. Some worry a recent campaign could threaten it further, leading to lower donations in the long run.

The charitable sector’s support of a tax policy change that benefits wealthy Canadians may offer short-term relief but induce long-term headaches, say two experts and a foundation CEO. “The short-term issue is how to protect the charitable sector. The long-term issue is how to protect the philanthropic sector’s reputation,” said Karel Mayrand, CEO of the Foundation of Greater Montreal.

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