Quote:
Originally Posted by username
Great. So you're going to be getting this guys money rather than charities. I say this because that's the reason so many people donate to charity is for the tax deduction. Awesome. Now instead of curing cancer we are giving our money to lazy bums that want to sit back and have everything handed to them. Seems like a great idea.
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People aren't suggesting changing charity deduction rules. They're suggesting changing things that allow companies to hide money offshore by never returning their profits to Canada or the US, stopping schemes which allow companies to defer taxes for years into the future and take advantage of potentially lower tax rates (I believe the current Conservative government is working on this right now), preventing the artificial inflation of overseas tax credits which lower the amount owed here, stopping businesses and executives from exploiting the myriad of loopholes that exist relating to stock options and how they're deducted and taxed, among many other things.
There are thousands of ways businesses can avoid paying taxes and people want to stop that. Some of these schemes give an unfair advantage to multi-national big businesses at the expense of smaller Canadian owned firms and people would like to see that stopped and a more level playing field introduced. The current government to their credit is starting to do some of these things, but there's still tons of room for improvement, and none of it involves removing charity deductions.