Skip to main content
Article
Thinking Critically About the Taxation of Capital Gains on Donated Public Securities (or Looking Paragraph 38(A.1) in the Mouth
Canadian Tax Journal. Volume 51, Number 2 (2003), p. 913-924.
  • Lisa Philipps, Osgoode Hall Law School of York University
Document Type
Article
Publication Date
1-1-2003
Abstract

The federal government announced in its 1997 budget that it would halve the inclusion rate for capital gains realized on certain charitable donations of public securities.1 At the same time, it issued a stern warning that “[a]fter five years, this provision will be terminated if it has not been effective in both increasing donations and distributing the additional donations fairly among charities.”2 These conditions seemed to imply that the government would need to see clear evidence of a positive impact before deciding to continue this incentive.

Creative Commons License
Creative Commons Attribution-Noncommercial-No Derivative Works 4.0
Citation Information
Philipps, Lisa. "Thinking Critically About the Taxation of Capital Gains on Donated Public Securities (or Looking Paragraph 38(A.1) in the Mouth." Canadian Tax Journal 51.2 (2003): 913-924.