Quote:
Originally Posted by GP_Matt
It is semantics, but the CRA argument does make sense to me.
If you can create a charity with the goal of preventing poverty, you can collect donations from a bunch of lower middle class people and issue them a tax receipt for said donations. you can then take the money that you collected and give it those same lower middle class people to help prevent them from succumbing to poverty.
And if you can do that, you can bet some rich jerks are going to try the same thing.
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Yep. My new charity prevents poverty by providing a tax break on investment advice to those with > $250,000 in income yearly.