Canada: Federal budget proposals affecting charities

New changes proposed in the 2024 federal budget

New changes proposed in the 2024 federal budget

New changes proposed in the 2024 federal budget that may affect charities include:

  • Alternative minimum tax (AMT) rules
  • Increase to the capital gain inclusion rate
  •  Administrative proposals
    • Changes to donation receipt requirements
    • Adjustments to the way the Canada Revenue Agency (CRA) and charities communicate

Read a May 2024 report prepared by the KPMG member firm in Canada



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