Murphy's Logic: Reward giving to people over giving to politics
Winston Churchill said, "We make a living by what we get, but we make a life by what we give.”
For many, this is the season of giving. Our own Christmas Daddies broadcast is just a week away.
With so many families struggling to pay for groceries and fuel this year, charities are likely to experience increased demand even as donations drop.
While a Nanos Research survey, conducted for CTV News, found 60 per cent of Atlantic Canadians plan to give the same amount to charities this year as last, almost a quarter say they’ll give less, because they have less to give.
Supporting those in need is not only the right thing to do -- it’s also tax-deductible.
A person who gives $100 to charity gets a federal tax credit of $15; it’s the government’s way to encourage and reward charitable donations.
But consider this.
The same $100 donation to a federal political party produces a tax credit of five times as much -- $75.00. There is a much lower limit on eligible political donations, but for Canadians of modest means, it’s more lucrative to support a registered political party than a registered charity.
That’s not right.
Political parties are important, but they mainly support themselves and their election campaigns. A great many charities provide food, clothing, shelter and support for those on hard times.
The basic tax credit for supporting them should be increased.
Surely, the tax system shouldn’t reward giving to politics over giving to people.
CTVNews.ca Top Stories
BREAKING Iran fires air defence batteries in provinces as sound of explosions heard near Isfahan
Iran fired air defence batteries early Friday morning after reports of explosions near the city of Isfahan, the state-run IRNA news agency reported.
American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
Nearly half of China's major cities are sinking, researchers say
Nearly half of China's major cities are suffering 'moderate to severe' levels of subsidence, putting millions at risk of flooding especially as sea levels rise.
Prince Harry formally confirms he is now a U.S. resident
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.
Judge says 'no evidence fully supports' murder case against Umar Zameer as jury starts deliberations
The judge presiding over the trial of a man accused of fatally running over a Toronto police officer is telling jurors the possible verdicts they may reach based on the evidence in the case.
Health Canada to change sperm donor screening rules for men who have sex with men
Health Canada will change its longstanding policy restricting gay and bisexual men from donating to sperm banks in Canada, CTV News has learned. The federal health agency has adopted a revised directive removing the ban on gay, bisexual and other men who have sex with men, effective May 8.
Colin Jost names one celebrity who is great at hosting 'Saturday Night Live'
Colin Jost, who co-anchors Saturday Night Live's 'Weekend Update,' revealed who he thinks is one of the best hosts on the show.
Sports columnist apologizes for 'oafish' comments directed at Caitlin Clark. The controversy isn't over
A male columnist has apologized for a cringeworthy moment during former University of Iowa superstar and college basketball's highest scorer Caitlin Clark's first news conference as an Indiana Fever player.
'Shopaholic' author Sophie Kinsella reveals brain cancer diagnosis
Sophie Kinsella, the best-selling author behind the 'Shopaholic' book series, has revealed that she is receiving treatment for brain cancer.