Last week, I wrote about changes to our tax law coming into effect Jan. 1, 2024, which add more tax to high-income Canadians who choose to make large donations of securities to charities in the country. To add insult to injury, other recent changes will cause many of those donations – and in fact donations of many types, and even those of lesser amounts – to create a significant and unmanageable burden for charities. The rules that create this burden were part of Bill C-32, which became law...

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As I sat in the federal budget lockup this week, pouring over the changes introduced in the budget, I thought of a quote from author Washington Irving: “There is certain relief in change, even though it be from bad to worse; as I have often found in traveling in a stagecoach, that it is often a comfort to shift one’s position, and be bruised in a new place.” Now, not all changes in the budget will lead to new bruises; some might, for sure. Others might be of a little help. So, I’d like to...