Wealthy Canadians use a charitable tax loophole to fund mining companies.
How wealthy Canadians donate to charity — and also fund mining companies | The Narwhal
Described by one First Nations-led organization as a ‘double-edged sword,’ a tax strategy involving charities is providing a windfall for new mining exploration in Canada
ty OP. We rarely get a real, readable look under the hood. Rich People & Their Charitable Tax Cheatcodes of Doom would normally have me snoozing by the end of the first paragraph.
Narwhal did some timely in-depth investigative journalism here. Again.
This is nothing new. Charities and related tax write-offs are one of the favoured techniques of the rich to avoid paying their taxes for over a thousand years. The fact that such an obvious and well used loop-hole hasn't been closed is simply proof that those with the power to close such loop-holes have zero intent in doing so because they are likely personally benefiting from them.
A collective problem that crosses all levels of government and for every side, not an issue of any specific government.
