Wealthy Canadians are sitting on extra cash after COVID-19 lockdowns — and struggling charities would like a cut

August 6, 2020
National Post

"Many of Canada’s embattled charities are still struggling to come to grips with plummeting revenue and a spike in demand for their services — and they’ve noticed that wealthier Canadians may have some extra cash to give.

"The faith-based think tank Cardus tallied up changes in discretionary spending and found that the wealthiest 40 per cent of Canadians saved about $1,150 on average in the first two months of lockdowns. That adds up to about $5.3 billion across the country."

Topics: Charity