Nature Investment Hub hopes to generate $20B for natural land conservation and restoration in Canada

Why It Matters

In 2022, the United Nations adopted the first multilaterally agreed definition of Nature-Based Solutions (NBS). This December will see Cop 28, the international conference to assess progress on the 2015 Paris Agreement goals to combat climate change. It will include the launch of the first State of NBS report. NBS can save more CO2 annually than the emissions from the entire global transportation sector and reduce the intensity of climate hazards by 26 per cent.

Some fear upcoming federal tax changes on rich could result in donation nosedive; others say concern unwarranted

Why It Matters

Wealthy Canadians’ donations form a growing share of the total charitable giving pie. Some charity advocates worry a proposed tax policy change, aiming at forcing high-income Canadians to pay more in taxes, will harm charitable giving.

Toronto’s Centre for Social Innovation to sell Annex coworking space; cites rising interest rates, downturn in coworking revenue

Why It Matters

Rising interest rates are making it more difficult for non-profit landlords to hang on to existing properties or create new ones, reducing the availability of commercial space for charities, non-profits and social entrepreneurs.

Artscape tenants receive letter with first details of potential future for developments

Why It Matters

Since receiving a 30-day extension on its receivership until October, Artscape has been quiet about the future. Rintoul’s letter suggests mortgage owners will experience minimal changes, but residential and commercial leases may change hands.