Donation Tax Credit Recycling

Um it's a bit of a mixed bag. Like it's good to draw a line under the charity's changes because we've been talking about it for a number of years. So the key change, rather than uh trying to tax different types of charities or having specific and detailed, complicated rules for donor-controlled charities. The main thing we've seen is just putting a cap on the total amount of donation tax credits that can be received. And so it is still very generous compared to what happens internationally. You can still donate uh a hundred thousand dollars and get a donation tax credit of 33,333. Um, it's a small number of people that donate above that. Um, and it's still uh if people remember we used to have a donation tax credit cap uh back in 2008. That was removed, and the previous cap was $630. So it's definitely good that we haven't gone back there. Uh, there are lots of people giving to charities, and it's a really good thing to do. Um, but you know, don't be motivated by um your donation tax credits if if you're one of those high rollers. Um, there's also a good proposal in there to make it easy for people to donate their donation tax credit straight back to the charity if they want to. So that's good news for charities.