Canadian banks are Canada's largest corporate taxpayers and
largest corporate donors. According to
the Canadian Bankers Association, in 2007, seven of Canada's Schedule 1 banks
donated $197 million to charities in Canada and around the world. These contributions support education, youth,
and health care. The banks also support
amateur athletes, the arts and community events. For example, the Bank of Montreal is the
principal sponsor of Skate Canada and is a founding sponsor of the Kids Help
Phone.
Because banks are the largest taxpayers in Canada, their profits
help build roads, schools, hospitals and many other governmental
activities. In addition, banks are also
committed to helping the environment.
Resource to read: http://www.cba.ca/index.php?option=com_content&view=category&id=62&Itemid=54&lang=en
Do you think that companies should give money to
charities? Why or Why Not?
Do you think that companies should be obliged to be
front-runners in helping the environment?
Why or Why Not?
Source: Canadian Bankers
Association www.cba.ca
