The Bride of the First House (bride) wrote,
The Bride of the First House
bride

Tax Breaks for Volunteers

weather: partly cloudy
outside: 6°C
mood: curious
I can't be the first person to think of this. There must be something that blocks its implementation. One of you who knows better could maybe clue me in.

It occurred to me that more people would likely volunteer for all kinds of things if they got a tax credit for the amount of time they spent volunteering.

Example: I volunteer for 2 hours a week for a registered non-profit charitable organization. First Job/Entry Level minimum wage in BC is $6.00, so let's go with that instead of $8/h. In a year, my "pay", would be approximately $6.00 × 2 × 50 = $600.00 (two weeks off in a year sounds reasonable; and I like working with nice round numbers =). Then I'd get a tax deductible receipt for $600 that I could use on my tax return like a donation. I didn't donate the money, but I donated my time which is worth something.

I'd be okay if it were capped at whatever amount was deemed reasonable. I'd be okay if only a portion of the "wages" were elligible for use as a tax credit. The idea is to add a slight incentive to encourage community service.

I imagine if there weren't huge problems in doing this, we'd already be able to do it. So, what would be the problem(s) in doing that (other than "they collect less in taxes that way")? What assumptions am I making that are not valid or not applicable?

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  • Blast from the Past!

    weather : sunny outside : 17°C mood : ... Heh, it'll be interesting to see who reads this journal anymore =) The…

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