Archive for the ‘Philanthropy/Charitable Giving’ Category

The Sting of a Lost Inheritance

Thursday, July 10th, 2014

The rock star Sting recently announced that his six children will not receive his US$300 million estate. Although he was a bit vague about the ultimate destination he intimated it would be charity. We’ve seen versions of this story before. In the tradition of Warren Buffett ...

1 in 5 Canadians Leaving Part of their Estate to Charity

Friday, May 9th, 2014

A recent Scotiabank poll found that that 22% or one in five Canadians with a written will plan to leave some of their estate to charity. The primary reason is desire to give back to society (60%) followed by not having dependents and wanting money to go to a ...

New Estate Donation Rules

Thursday, March 27th, 2014

In my previous All About Estates blog, I wrote about the big change to the tax treatment of “estate donations” to registered charities announced in the 2014 Federal Budget. Effective in 2016, a gift by will or other estate donation (direct designation of life insurance or registered funds) ...