said by Last Parade:I thought churches don't pay property taxes? Sales taxes in some provinces?
You and I, if we are fined by a court and have to sell say 1000 shares of Apple stock today to pay the fine, and our ACB is $8/share -- well we first have to pay our capital gains tax on the stock sale price (today $525/share) less $8 and then pay the fine. Which makes it necessary to sell more stock than is required to simply pay the fine.
On the other hand, a religious body doesn't pay capital gains tax when they sell off assets which have greatly appreciated over the years in order to pay damages in pedophilia cases.