Home Breadcrumb caret Industry News Breadcrumb caret Industry Breadcrumb caret Tax Breadcrumb caret Tax News Why aren’t Canadians giving more? A lack of financial means is a major factor for some. By Staff | November 28, 2017 | Last updated on September 15, 2023 2 min read While two-thirds of Canadians say they’re comfortable with their charitable contributions, 30% say they should be doing more, finds a poll by the Angus Reid Institute and CHIMP: Charitable Impact Foundation. What’s driving this gap between intention and action? A lack of financial means is a major factor for some. Read: Finding the right donation strategy for every client But legitimacy of the charity (54%) and doubt about whether dollars are effectively spent (58%) also loom large in the decision to give or not. Further, younger, wealthier and more-educated Canadians say they would give more if they felt confident in the charitable sector, connected enough to the causes they care most about, and were being approached in a different way. Here are some more findings. Three-quarters of Canadians have donated to at least one charitable cause over the past two years. 57% have given in response to a prompt from an organization, not on their own initiative. 43% give on an ongoing basis to at least one charity. 64% of those categorized as those who give often say they were exposed to concepts of charity and altruism by their parents; 64% of those who don’t give say they were not. 56% have donated or volunteered with at least one charity involved in health and disease prevention in the past two years; 51% have done the same with respect to poverty relief organizations. 68% would be able to find the necessary resources to decide which charitable cause to support, but a similar amount also express interest in more tools from organizations themselves. 61% who support religious or faith-based causes give on an ongoing basis; other sectors are more reliant on one-time donations. 48% would be more generous if they could find the right cause for them. About the survey: An online survey was conducted from Nov. 3 to Nov. 10, 2017. A sample of 2,072 Canadian adults were surveyed. A probability sample of this size would carry a margin of error of +/- 2.2 percentage points, 19 times out of 20. Also read: Tax items to discuss with clients before year-end How to moderate family meetings Budget changes donation rules Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo