The federal Conservatives presented their 2007 budget on March 19th and there was some good news for charities, namely the elimination of capital gains tax on the donation of publicly-listed securities to private foundations. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains what this will mean for charities, plus highlights some of the other budget announcements that affect Canada’s nonprofit sector.

Budget 2007: Legal implications for charities (MP3)

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Run time: 8:42 minutes

External Resources:

Department of Finance Canada – Budget 2007

CharityTax.com – Adam Aptowitzer’s Online Office

Drache Charity Insights Newsletter