Donated used tech can deliver social impact
and charitable tax receipts through Computers for Success Canada
MONTREAL, July 16,
2024 /CNW/ - It's a "two-fer" for large, small and
medium-sized businesses who access new tax credits announced in
Budget 2024 to invest in new computers and then donate their used
technology to the Computers For Schools Plus (CFS+) Affiliate
Network for a charitable tax receipt*.
With the new federal tax write-off incentives for new technology
purchases for data network infrastructure equipment and
general-purpose electronic data processing equipment, businesses
can seize a dual opportunity to drive growth and make a tangible
difference in society by investing in new computers and technology
upgrades to empower their workforce. This bolsters existing
accelerated deductions for companies that acquire new equipment,
their older equipment can be donated to be refurbished and
redistributed by CFS+ Affiliates to Canadians who lack access, all
while receiving a significant tax benefit and contributing to
corporate ESG objectives.
"This is two-for-one good news as companies of all sizes take
advantage of this new federal tax write-offs in Budget 2024. CFSC
encourages those companies to partner with us to donate, upcycle
and repurpose their used equipment to enable economically
challenged Canadians to participate, learn and be connected to
their classrooms and their families", says Michel Langelier, Executive Director of CFSC.
"Access to computers and technology is critical for business, but
it is also critical for students, families and seniors with
affordability challenges to also have access to technology and
skills – this is where Computers for Success Canada helps to close the gap".
This is a win-win-win scenario for Canadians:
- Tax incentives for businesses to acquire new equipment to
deliver growth and drive innovation,
- Donated equipment is donated for refurbishment to charity –
enabling Canadians facing barriers to access essential skills,
services, and opportunities to participate in the digital
economy.
- ESG credit for companies and a reduction of e-waste as
equipment that would otherwise be headed to landfills is diverted
and reused.
"Computers for Success Canada
is working with businesses and CEOs across the country to ensure
that our workforce of tomorrow has access to computers and
technology in schools, libraries, after-school programs and at home
– in urban centres, small towns and Indigenous communities", adds
Langelier. "Together, organizations like CFSC and businesses can
help to bridge the digital divide and at the same time improve
digital participation and Canadian competitiveness – it just makes
sense".
Donating used computer equipment is a proven scenario: since
1993, CFSC has coordinated the Computers for Schools Plus (CFS+)
federal government program and has delivered, at little or no
cost, more than 2.2 million computers across Canada and saved +12,000 T of e-waste.
Corporate donors provide a third of the technology for the program.
Its CEO Pledge national campaign, launched in 2021, has already
recruited a network of 52 active donors. All businesses large and
small, seeking to shape a future where innovation, collaboration,
and social impact intersect to create a brighter tomorrow for
all.
Visit www.ceopledge.ca to learn how to join the CEO Pledge and
help today's youth change the world of tomorrow.
ABOUT CFSC-OPEC - Computers for Success – Canada Inc. | Ordinateurs pour
l'excellence – Canada Inc. (CFSC-OPEC) is a non-profit organization
established in 2005, supporting the impacts of the Canadian
government's digital inclusion and economic development programs.
CFSC-OPEC's mission is based on three pillars: reducing e-waste
footprint, enabling a digital workforce, and fostering social
inclusion.
*Please note: The tax reductions mentioned are subject to
conditions and may vary depending on provinces and individual
circumstances.
cdnpoli #budget2024 #digital #ESG
#computers
SOURCE Computers for Success
Canada