While the Budget contains relatively few tax measures specific
to the charitable or non-profit sector, it does announce several
initiatives and investments that will be of interest to certain
organizations within the sector including:
an investment of $339 million over three years to create up to
35,000 additional youth jobs in the non-profit sector in each of
the next three years. This program provides funding to
not-for-profit organizations with 50 or fewer employees to create
summer job opportunities for individuals aged 15 to 30 years who
are full-time students and intend to return to their studies in the
next school year;
$39 million in funding over three years to the Canadian
Foundation for Healthcare Improvement to support its ongoing
efforts to identify and introduce innovations in the health care
up to $20 million in funding over three years for the Brain
Canada Foundation's Canada Brain Research Fund;
$50 million in funding over two years to Canada Health Infoway
to support short-term digital health initiatives;
an investment of $168.2 million over two years in the Canada
Cultural Spaces Fund to support the renovation and construction of
arts and heritage facilities. Recipients would include
not-for-profit arts and heritage organizations, provincial and
territorial governments, municipalities and their agencies, and
equivalent Indigenous peoples' institutions;
$14 million in funding over two years to the Mitacs Globalink
program to support 825 internships and fellowships in support of
$237.2 million in funding in 2016-17 to Genome Canada to
support continued research in genomics; and
$50 million in funding over 5 years for the National Optics
Institute to support the Institute's work with businesses in
Quebec in the areas of optics and photonics.
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Under the Income Tax Act, the Employment Insurance Act, and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions or GST.
Under the Income Tax Act, the Employment Insurance Act, the Canada Pension Plan Act and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions.
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