Finance Committee

Thank you to Nadine Riopel, Bob McInnis, Derek Brechtholdt and the others who tweeted out the draft of this brief, and most especially provided valuable feedback.

This brief was developed in response to a call from the House of Commons Finance Committee as they undergo a review process of Canada's charitable sector and the tax laws that govern the sector.  Recommendations range from the creation of a government appointed Ambassador of Philanthropy, creating clearer legislation around "reasonable profit" and social enterprise, and addressing the inconsistencies in the T3010 tax filing that do not address the critical information that donors need in order to make informed charitable decisions.

In the fall, I posted a brief for the House of Commons Finance Committee on social enterprise and social finance policy development.  The final version, along with others that were submitted can be found here.

The Finance Committee is expanding their work and is now looking at charitable tax incentives.  The crowdsourcing of the last brief proved to be quite successful so I would like to try it again.

Attached is a draft of the submission for the Finance Committee. I will be sending in the final version on January 14th. Please share your thoughts and comments on this blog post. If you would like your name added to the reference list of this paper please let me know so that I can ensure that appropirate credit is made.

The latest revision of the briefing to the Finance Committee of the House of Commons is below.  I have included references to the Manitoba Corporate Tax Credit for Social Enterprises and the British Columbia's advisory committee on Social Entrepreneurship.

Thank you to those who have shared their thoughts, research and ideas on what should be included in this brief to the House of Commons Finance Committee.  Attached is a draft version of the document. I have not completed the bibliography and it needs to be tightened up but your feedback is most welcome, especially on the recommendations that are being presented to the committee (page 5).

If you have written a brief for a House Committee before, please share how you think this document should be laid out.

Thank you for your contributions!

I am submitting a brief to the Finance Committee of the House of Commons addressing the following as they relate to for-profit social ventures and non-profit social enterprises:

1. How to achieve a sustained economic recovery in Canada
2. How to create quality sustainable jobs