Canada's charities are under pressure, say TD Economists

Canada's charities are under pressure, say TD Economists: "Press ReleaseSource: TD Bank Financial Group; TD Bank; TD Canada Trust
Canada's charities are under pressure, say TD Economists
Wednesday September 15, 9:01 am ET
- Charities are playing an increasing role in Canada's economy and society, but they are facing a number of challenges that threaten their ability to fulfill their social objectives. - Charities need to be adequately and appropriately financed and must have sufficient and appropriately skilled staff and volunteers, but many are encountering difficulties on these fronts. - Although Canadians are already generous, there is a need for increased philanthropy. Canadian taxfilers claimed donations of 0.5 per cent of median income in 2002. And, as a percentage of aggregate income, monetary donations "