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Canada's federal political parties receive the most significant portion of public funding at election times that is based on what they have spent through electoral expense reimbursements. [1] Between elections, until 2015, Canada's federal political parties have as their two primary sources of funding: [1] [2]
The rules governing the funding of parties are designed to ensure reliance on personal contributions. Personal donations to federal parties and campaigns benefit from tax credits, although the amount of tax relief depends on the amount given. Also only people paying income taxes receive any benefit from this.
The Income Tax Act does not define "charity" and Canada uses a common law definition, namely purposes that fall within the four "heads" of charity: the relief of poverty, the advancement of education, the advancement of religion, [3] or other purposes that benefit the community in a way the courts have said are charitable.
In 2015, the Supreme Federal Court declared corporate donations to political parties and campaigns to be unconstitutional. Before the decision, electoral laws allowed companies to donate up to 2% of their previous year's gross revenue to candidates or party campaign funds, which totaled over 76% ($760m) of the donations on the 2014 election.
The Canada Elections Act allows PACs to "spend up to $150,000 on third-party advertising during an election" but "spending outside the election period is [/was] unlimited." up until the enactment of the Elections Modernization Act in 2018, even after which spending was nonetheless unlimited outside of the defined pre-election periods.
Americans made $3.6 billion in charitable donations this week — a double-digit increase of 16% from Giving Tuesday 2023’s total of $3.1 billion, according to The GivingTuesday Data Commons ...
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A portion of the donations to the newly formed "Trump 47" joint fundraising committee will filter to the Save America political action committee, which is often used to cover former President ...