Recent research shows a long-term drop-off in charitable giving, especially among young Canadians and those who are less well-off. The post Canadians aren’t as generous as they used to be appeared first on MoneySense.Recent research shows a long-term drop-off in charitable giving, especially among young Canadians and those who are less well-off. The post Canadians aren’t as generous as they used to be appeared first on MoneySense.

Canadians aren’t as generous as they used to be

3 min read

Generation by generation, Canadians appear to be falling out of the habit of donating to charity. More than a quarter (27%) of young adults aged 18 to 35 have not given to charity over the past five years, a new survey from fundraising platform CanadaHelps indicates. Meanwhile, people over 65 contributed half of all donation dollars in 2023.

The research, released to highlight Giving Tuesday on December 2, also suggests a growing divide by income. Canadians earning $150,000 a year or more account for 49% of all donations, but ever larger segments of the population aren’t giving at all. Over the past 12 months, 31% reported not making any donations to charity. Two-thirds of respondents cited affordability as a reason they are not giving.

“This year, we’re talking directly to the millions of Canadians who haven’t donated in a while—or maybe have never donated at all—and reminding them that their first gift can make a real difference,” CanadaHelps president and CEO Duke Chang said in a release. “Whether it’s $5 or $50, every donation starts something meaningful.”

Initiated 12 years ago, Giving Tuesday is a date—the Tuesday following American Thanksgiving—marked by charities worldwide to urge giving back. CanadaHelps works with 86,000 registered charities in Canada to streamline the process of giving.

The results of the organization’s research are consistent with Statistics Canada’s 2023 Survey of Giving, Volunteering and Participating, released last June, which showed the number of Canadians donating in sharp decline over the past decade. The percentage of Canadians reporting charitable giving declined to 54% from 82% over the period. In absolute terms, the number of givers in Canada has declined by 6.3 million.

The dollars donated declined more gradually, from $16.4 billion in 2013 to $13.4 billion in 2023, adjusted for inflation, suggesting a smaller group of donors is digging deeper to give.

And you can’t just blame the economy or affordability for the shift. Fewer Canadians are volunteering for charities—32% of the population in 2023, compared to 44% in 2013. The number of volunteer hours committed decreased to 1.2 billion from 2 billion a decade earlier. The decline in volunteering was particularly marked during the COVID-19 pandemic, especially among women, but it has not shown a significant recovery since.

A study by the Fraser Institute released a year ago showed the share of Canadian tax filers reporting charitable donations fell to 17.1% in 2022, down from 25.1% in 2002. Likewise, the share of all personal income donated fell to half of one percent from 0.61% 20 years earlier. Unfortunately, the need to respond to issues such as food insecurity has grown as giving has dwindled.
Recent experience has shown Canadians to still be generous when it comes to giving in response to particular crises, such as forest fires and flood relief, but habitual giving appears to be in a long-term decline.

Newsletter

Get free MoneySense financial tips, news & advice in your inbox.

Read more about charity:

  • Money-saving gifts that keep on giving: MoneySense’s 2025 holiday guide
  • What are the tax benefits of donating to charity?
  • Financial gifts: What you need to know before giving money or investments
  • The best charities in Canada for 2024: Where to donate to make an impact

The post Canadians aren’t as generous as they used to be appeared first on MoneySense.

Market Opportunity
Threshold Logo
Threshold Price(T)
$0.008148
$0.008148$0.008148
+1.71%
USD
Threshold (T) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Next “Big Story” in Crypto: Crypto Credit and Borrowing, Says Bitwise CEO

The Next “Big Story” in Crypto: Crypto Credit and Borrowing, Says Bitwise CEO

Bitwise CEO has recently predicted a major growth for the crypto borrowing and credit sector, calling it the next “big story.” The post The Next “Big Story” in Crypto: Crypto Credit and Borrowing, Says Bitwise CEO appeared first on Coinspeaker.
Share
Coinspeaker2025/09/18 22:16
SEC New Standards to Simplify Crypto ETF Listings

SEC New Standards to Simplify Crypto ETF Listings

The post SEC New Standards to Simplify Crypto ETF Listings appeared on BitcoinEthereumNews.com. The United States Securities and Exchange Commission (SEC) approved a new standard for crypto ETF listings on Wednesday. The standard is created to simplify the working of exchanges in terms of the process followed for crypto ETP listings. This makes it possible to to avoid the cumbersome route of case-by-case approval being followed so far. With this change, exchanges can bypass the 19(b) rule filing process. It is a review that can stretch up to 240 days and demands direct SEC approval before an ETF can launch. Instead of going through the tedious and lengthy review process, the SEC has set up a system that allows exchanges to act more quickly. Now, when an ETF issuer presents a product idea to exchanges like Nasdaq, NYSE, or CBOE, the exchange can move ahead as long as the proposal meets the generic listing standard. This means that strategies based on a single token or a basket of tokens can be listed without waiting for individual approval. New Standards Will Ease Crypto ETF Listings: SEC Chairman According to the Chairman of the SEC, Paul Atkins, this move is aimed at making it easier for investors to access digital asset products through regulated U.S. markets. He noted that by approving generic listing standards, the agency is helping U.S. capital markets remain a global leader in digital asset innovation. At the same time, the SEC approved the Grayscale Digital Large Cap Fund, a fund made up of Bitcoin, Ethereum, XRP, Cardano and Solana. Furthermore, the SEC also approved a new type of options linked to the Cboe Bitcoin U.S. ETF Index and its mini version. This step further expands the range of crypto-linked derivatives available in regulated U.S. markets. How Will SEC General Listing Standard Impact Altcoin Crypto ETF Market? The SEC’s updated listing standards could clear…
Share
BitcoinEthereumNews2025/09/18 21:38
Victra Named 2025 Recipient of Verizon’s Best Build Compliance Award

Victra Named 2025 Recipient of Verizon’s Best Build Compliance Award

Verizon Recognizes Victra for Industry-Leading Excellence in Store Design and Brand Compliance. RALEIGH, N.C., Feb. 3, 2026 /PRNewswire/ — Verizon has named Victra
Share
AI Journal2026/02/03 20:49