April 4, 1957 (22nd Parliament, 5th Session)

CCF

Robert Ross (Roy) Knight

Co-operative Commonwealth Federation (C.C.F.)

Mr. Knight:

I should like to ask the
minister what is the position of a person wanting to give a grant or a gift to an institution like a university, having regard to this charitable organization clause in paragraph 2. I have received some requests for information. People would like to give to a university much larger gifts than the 10 per cent would amount to. They feel that they should be allowed to do this without loss to themselves, particularly having regard to the fact that it is going to cost the government a good deal of money for grants to universities from now on. Perhaps we should encourage people who are so minded to get rid of some of their extra money-that is, those who are fortunate enough to have it- in that way.

Topic:   WAYS AND MEANS
Subtopic:   INCOME TAX ACT
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