WEEK 7: BANKS AND CHARITIES
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?
