The number of Canadians giving to charitable causes and the amounts they are giving are on the rise, according to new research.
BMO Harris Private Banking, a unit BMO Financial Group, Toronto, published this finding in a summary of results from a new survey of 1,000 Canadians. BMO’s Second Annual Philanthropy Report incorporates the results of a poll conducted in October by Pollara Strategic Insights, Toronto.
The survey reveals that almost 79 percent of Canadians made a charitable donation over the last 12 months, up from 68 percent last year. The amount they are giving has also increased, to $557 this year from an average of $487 in 2011.