CALGARY, AB (April 10, 2015):
Today Liberal Leader David Swann announced Alberta Liberals will propose two initiatives to provide solutions for our most vulnerable citizens: increase funding to Family and Community Support Services (FCSS) and reinstate Premier Ed Stelmach’s Charitable Donation Tax Credit (CDTC).
“Every person deserves a roof over their head,” said Swann. “When government, community and private sector work together, it is the best way to eliminate poverty.”
Budget 2015 hurts our most vulnerable citizens in two ways: public and private. On the public sector side FCSS funding remains flat for the eighth consecutive year, and on the private sector side Jim Prentice has slashed the CDTC to 2007 levels.
“Calgary Buffalo has some of the wealthiest individuals in the country and some of our most vulnerable,” said Liberal Candidate David Khan. “Albertans are the most generous people in the world, and this Liberal initiative acknowledges their kindness.”
In 2007, the CDTC was enhanced from 12.75% to 21% on total donations over $200.When combined with the federal credit, Albertans receive a tax saving of 50 cents for each dollar donated in excess of $200. Prentice is punishing generous Albertans by rolling back the Charitable Donation Tax Credit.
Alberta Liberals will increase funding for FCSS by 25% or $19 million. Alberta Liberals will support contributions to registered charities by providing a CDTC ($90 million). “We can invest now or pay more later,” said Swann. “These fully-costed proposals strike the right government, community, and private sector balance to help those most in need.”
- 30 -