ARTICLE
30 March 2016

Investments In Charitable Sector

MT
Miller Thomson LLP

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Miller Thomson LLP (“Miller Thomson”) is a national business law firm with approximately 525 lawyers working from 10 offices across Canada. The firm offers a complete range of business law and advocacy services. Miller Thomson works regularly with in-house legal departments and external counsel worldwide to facilitate cross-border and multinational transactions and business needs. Miller Thomson offices are located in Vancouver, Calgary, Edmonton, Regina, Saskatoon, London, Waterloo Region, Toronto, Vaughan and Montréal.
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...
Canada Corporate/Commercial Law

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 system;
  • 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 Canadian universities;
  • $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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