Working With Officially Registered Charities
Any charity which is listed in The Canadian Book of Charities is qualified to grant official receipts to each donor who can in turn use the receipt for an income tax deduction.
When an individual donates $100 to an officially registered charity the usual expected tax benefit is approximately 17% or $17. In some cases a low income earner would qualify for a maximum of 23% or $23 tax benefit on a donation of $100.
(It would be much more effective to donate the $100 to an officially registered political party in exchange for 100 "usury-free" community currency and at the same time qualify for a $75 tax credit from the federal government. The individual can then spend the "usury-free" community currency with the businesses listed in the "Usury-Free" Community Currency Directory. S/he has earned a $75 tax credit while at the same time acquiring purchasing power of "usury-free" community currency in an amount equivalent to the $100 which s/he donated to the political party.)
The Political Party ought to make a donation of part cash and part "usury-free" community currency to the preferred chairty of the individual donor to raise its level of awareness as a worthy partner with impeccable integrity in local and global communities.
Let's assume that a business will donate $1000 to an officially registered charity. The business can request an "Advertising Support Receipt" from the charity in the amount of $1000 - which converts to a 100% deduction for the business.
If the business donates goods and/or services in the amount of $1000 the charity can grant the business an "Advertising Support Receipt" in the amount of $2000. There is a 2:1 ratio benefit for the business.
Let's say a car dealer donates a $20,000 vehicle to the charity, in turn the business will be granted a $40,000 "Advertising Support Receipt" from the charity which it can use as a legitimate deduction when the next income tax return is filed.
In summary, the business gets a dedduction worth twice the value of the amount donated to the officially registered charity.
Some selected charities have an agreement with the federal government that they (the federal government) will match every dollar collected through fund-raising if it is going out of Canada for development of support of third world countries. One such charitable organization which has this agreement is the International Child Care Foundation, 8 Trellis Court, Ottawa, Ontario K1T 3B3.
Possibilities For Optimizing Mutual Benefits of "Tax Credits," "Charitable Receipts," and "Usury-Free" Currency:
I suggest that each business be encouraged to donate the $1075 to the participating political parites to qualify for the maximum $500 tax credit. The participating political party then agrees to immediately buy back $1075 (with a cheque) in goods and/or services from the business and find creative ways to distribute these goods and/or services to its growing membership list. The political party can issue "gift certificate" to the business in the amount of $1075 and the participating members can purchase goods and/or services from the business until the amount of $1075 is accounted for. By that time, the business is quite likely to be hooked on the new economics concepts being promoted by the participating political parties and therefore s/he will be ready and willing to find creative ways to expand these programs.
In addition, each business ought to be granted the right to issue $1000 of "usury-free" currency for each full time employee and donate this "usury-free" currency to one or more registered charities requesting an "Advertising Support Receipt" in exchange. Each business can then submit this "Advertising Support Receipt" for the maximum deduction when they file their next income tax return.
The political parties will offer each business which donates $1000 to a charitable organization a FREE listing in the "Usury-Free" Currency Directory - and offer the business the option of buying additional advertising space with part cash and part "usury-free" currency. The Charitable organizations can then exchange "usury-free" currency for cash when their core donors offer their donations. This will be of 100% benefit to the individual, much more than the usual 17% tax benefit offered when given a receipt for a cash donation.
Their core donors will be given a "Usury-Free" Currency
Directory when they exchange their cash for "usury-free" currency from their
selected charity (ies) and they will be informed that the businesses listed therein will
accept part cash and part 'usury-free' currency on any items listed in the Directory.
I am suggesting that we approach the Libertarian Party of Ontario to establish a working relationship since they are an officially registered political party and they can issue receipts for "tax credits." Other provinces may be able to suggest other officially registered provincial parties. Of course, there are others - the Natural Law Party, the Green Party, the Marijuana Party etc. So far, only the Libertarian Party of Ontario has expressed an interest in working in complementary wasy with The Nousury Network.
Working with you for "peace and plenty" by 2020
Tom-Joseph: Kennedy otherwise known as "Tommy-No: Usury"