Archive for the ‘Philanthropy/Charitable Giving’ Category

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) ...

Estate Donations: Comment on 2014 Budget Provision

Monday, March 3rd, 2014

Sometimes there are pleasant surprises in Federal Budgets. The 2014 version, which was delivered on February 11, contained a subtle but profound change to the tax treatment of estate donations. This change apply to gifts by will (bequests), direct designation gifts of RRSPs, RRIFs, and TFSAs; ...