Federal Budget 2018: Measures Affecting Charities And Non-Profits

Introduction

The Federal Government of Canada tabled its 2018 Budget on February 27^th. The Budget as a whole contained few measures that will affect charities and non-profits. There are, however, a few helpful changes, as well as indications that further changes in the sector may be on the horizon. The Government also pledged to make a number of new investments in specific charities and non-profits.

Universities Outside of Canada

Many universities outside of Canada are qualified donees for purposes of the Income Tax Act (Canada) (the "Act"), which allows them to issue official donation receipts to Canadian donors, thus allowing them to claim a charitable donation tax credit or deduction. In order to qualify, a university must be "prescribed", which means that it must be listed in Schedule VIII to the Regulations under the Act. Prescribed universities must also apply to the Canada Revenue Agency ("CRA") to be registered as a qualified donee. CRA provides an