Journal article

Policy Forum: The First-Time Donor Credit— Sound Policy or Short-Term Fix?

A Payne

Canadian Tax Journal | Canadian Tax Foundation | Published : 2013


“You shouldn’t look a gift horse in the mouth.” This is the saying that popped into my head when I began looking at commentary on the federal government’s announcement of a “super tax credit” for first-time reporting of tax-receipted gifts to charities. With the exception of one lukewarm response, all the comments came across as either positive or, in the words of Dragnet’s Joe Friday, a reporting of “just the facts, ma’am.” And if the federal government is willing to offer some of its revenues as a tax incentive to encourage more giving to charity, why wouldn’t we be positive about the announcement? The perspective I take in this article is to consider whether the super tax credit is a suff..

View full abstract