Advancing Social Finance in Canada: Moving Towards Social Impact Bonds (2012)

This presentation explores the opportunities and challenges the Government of Canada faces in advancing social finance initiatives, including social impact bonds (SIBs).

Interest in social finance in Canada is being driven by demand from stakeholders within both the private sector and not-for-profit communities seeking a more strategic investment that provides both a social and an economic return, the author explains.

Human Resources and Skills Development Canada (HRSDC) is leading an interdepartmental working group to identify legal and administrative barriers to the development and implementation of SIBs and similar social finance instruments in Canada. Four broad areas have been identified, including clarification of the treatment of such investments under the Income Tax Act; the need to identify the appropriate mechanisms to allow the government to indirectly pay a profit to investors; accounting and budgeting concerns; and the treatment of intellectual property developed during SIB pilots.

HRSDC will implement a pilot project to test pay-for-performance, private sector upfront investment, return on investment, and new ways of risk-sharing between the federal government and non-government organizations.

The presentation was part of the agenda for the Centre for Literacy’s Fall Institute 2012, held in Saint John, New Brunswick. The centre supports best practices and informed policy development in literacy and essential skills.

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2013-01-21
APA citation
Siobhan Harty. Advancing Social Finance in Canada: Moving Towards Social Impact Bonds 2012. Web. 18 Jan. 2021 <http://en.copian.ca/library/learning/fall_institute_2012/advancing_social_finance/advancing_social_finance.pdf>
Siobhan Harty (2012). Advancing Social Finance in Canada: Moving Towards Social Impact Bonds. Retrieved January 18, 2021, from http://en.copian.ca/library/learning/fall_institute_2012/advancing_social_finance/advancing_social_finance.pdf
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