Articles on tax breaks

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It’s time to seriously rethink giving tax breaks for charitable donations, since ultimately taxpayers foot the bill for the deductions anyway. (Shutterstock)

Donating to charities shouldn’t result in tax breaks

Several countries — namely Austria, Finland, Ireland, Italy, Sweden and Switzerland — have removed tax benefits for charitable donations. Here's why Canada should follow suit.
About 1 in 20 taxpayers may fill out this part of their returns beginning with the 2018 tax year. Sean Locke Photography/Shutterstock.com

Charity and taxes: 4 questions answered

The lost incentives to give are likely to make a bigger difference than the small uptick in economic growth expected from the new law.
Attendees chat during Dell Women’s Entrepreneur Network conference in 2014. Jack Plunkett/AP Images for Dell

How the US tax code bypasses women entrepreneurs

Republicans rewriting the tax system have a rare opportunity to fix a major problem: most women-owned companies can't take advantage of key provisions designed to help small businesses like theirs.
The number of Americans who can get a tax break through their charitable contributions could tumble during the Trump administration. Helen's Photos/www.shutterstock.com

Why Congress should let everyone deduct charitable gifts from their taxes

The tax changes Trump and GOP lawmakers propose would reduce charitable giving, research suggests. But letting everyone use a tax break mostly enjoyed by the rich might prevent that.

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