Ottawa cracks down on trading charitable donations
Prohibiting schemes to unload property with unused tax credits
- By: Stewart Lewis
- March 23, 2004 March 23, 2004
- 17:55
Prohibiting schemes to unload property with unused tax credits
Policy designed to plug tax revenue leakage caused by non-residents investing in funds and income trusts
Ottawa pre-empts pension funds' participation in income trusts
Education tax credit for those taking job-related post-secondary courses
Ottawa introduces new disbursement quotas and fairer penalties
Critics say proposed policy will hinder investment
Adjustments to be limited to 10 years
May set up bank for charities
Money for Afghanistan, Haiti missions plus tax relief for Defence personnel
Federal government says new funding should lead to $1 billion in VC investment in Canadian companies
Reviewing results of industry consultations
Detailed proposal to be released soon
Initiative designed to increase deterrence
Ottawa introduces Canada Learning Bond
GST rebate and acceleration of infrastructure spending are on the table
New measures to strengthen financial management also announced
A number of other sweeteners help small business
Eligibility for medical expense tax credit increased
U.S. markets flat at midday
Six of 10 components advance
Stocks expected to open flat
TSX, Dow bear triple-digit declines
Forms joint venture with CE Network
Markets tumble on political uncertainty
Nasdaq Composite Index options begin trading today